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Recovery Planning - Updates to HKMA Supervisory Policy Manual (SPM) RE-1

Recovery Planning - Updates to HKMA Supervisory Poli...

Key updates to the HKMA’s Supervisory Policy Manual RE-1

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Subsequent to the review of recovery plans submitted to the regulator by banks in Hong Kong, the HKMA has recently issued an update to the SPM RE-1 in June 2020, which is effective immediately.

The HKMA’s updates were designed to provide greater clarity on its expectations around the recovery planning process and establish a linkage between the SPM regulations and Banking Ordinance laws. This publication summarises the key updates.

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