Overview of Bank Culture Reform imposed by Hong Kong Monetary Authority and KPMG’s Risk Culture Assessment Model
In March 2017, the Hong Kong Monetary Authority (HKMA) has announced ongoing supervisory measures on one of the key focus area – Bank Culture Reform. The HKMA highlighted the requirements for banks to adopt a holistic and effective framework fostering a sound culture at all levels.
Responding to this regulatory requirement, KPMG has developed a risk culture assessment model to analyse the factors affecting company’s corporate culture. It helps banks to manages, measures and monitors their corporate culture against desired ways of working.
© 2020 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 ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.