Share with your friends

IT Regulatory Compliance – What’s the next ‘Big Thing’ ?

IT Regulatory Compliance – What’s the next ‘Big T...

Based on the recent supervisory activities of the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), it is evident that the regulators are increasing their focus on regulatory requirements for information technology.


Related content

IT Regulatory Compliance – What’s the next ‘Big Thing’ ?

In particular, the HKMA issued a circular on 12 August 2014 extending its guidance on incident responses to system disruptions and system maintenance. Furthermore, the SFC updated its Code of Conduct this year to include more focused regulations for system controls and the security of electronic trading platforms. With the rapid adoption of technology to support business activities, we expect that regulators will continue to strengthen their regulations through the issuance of new requirements and on-site examinations to ensure the safety and soundness of banks’ IT systems.

© 2021 KPMG KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit


Connect with us