HKMA Supervisory Policy - Outsourcing

HKMA guideline on its supervisory approach to outsourcing

Hong Kong Monetary Authority guideline for banks to follow when outsourcing services domestically or overseas. Addresses nine major concerns: i) accountability; ii) risk assessment; iii) ability of service providers; iv) outsourcing agreement; v) customer data confidentiality; vi) control over outsourced activities; vii) contingency planning; viii) access to outsourced data; and ix) additional concerns in relation to overseas outsourcing.

Publisher: National Regulators     Release date: Dec 2001     Country: Hong Kong, China

Type: Guideline

Peer: HKMA Supervisory Policy - Risk-Based Supervisory Approach

Topics: Supervisory framework, Risk-based supervision

Sectors: Banking