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Strengthening Bank Culture: Regulatory driven reform

Strengthening Bank Culture: Regulatory driven reform

Overview of Bank Culture Reform imposed by Hong Kong Monetary Authority and KPMG’s Risk Culture Assessment Model

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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. 

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