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Sharing of good industry practices for implementing operational resilience framework
The Hong Kong Monetary Authority (HKMA) has shared good industry practices to support Authorized Institutions (AIs) in implementing operational resilience frameworks under the Supervisory Policy Manual (SPM) module OR-2, targeting full compliance by May 2026. Currently, most AIs are conducting mapping and scenario testing to identify vulnerabilities and dependencies in critical operations, with major retail banks enhancing disruption tolerance limits in response to supervisory feedback. These efforts aim to improve resilience and recovery capabilities. The HKMA acknowledges the challenges posed by complex banking operations and has summarized insights from a December 2024 industry sharing session, encouraging AIs to adopt appropriate practices. Institutions are advised to prioritize remaining tasks, track progress through self-assessments, and seek HKMA guidance as needed. Resources: https://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2025/20250120e1.pdf