Feb 27, 2024 · The guidelines are based on international standards and best practices, and they are designed to help financial institutions identify, assess, ...

Mar 1, 2024 · These guidelines aim to ensure that banks maintain effective oversight and control over outsourced activities while mitigating associated risks.

Objective: This control standard aims to ensure that banks effectively identify, assess, mitigate, and manage risks associated with engaging third-party ...

Internal Controls: Risk Identification and Assessment: Conduct regular risk assessments to identify and prioritize potential risks to internet banking and ...

Implement risk management controls: Implement appropriate risk management controls to mitigate identified risks, such as: Strong authentication mechanisms; Data ...

Feb 27, 2024 · The HKMA (Hong Kong Monetary Authority) document "Risk Management of E-banking TM-E-1" is a regulatory guideline specifically designed to ...

Mar 1, 2024 · Regular Risk Assessments: Conduct comprehensive risk assessments of all planned and existing outsourcing arrangements to identify potential ...

Feb 12, 2024 · The framework requires banks to identify, assess, and manage their credit risks, including concentration risk. Concentration risk is the risk of ...

Feb 13, 2024 · The MAS Guidelines on Outsourcing require financial institutions to identify and assess the risks associated with outsourcing their activities ...

Feb 28, 2024 · Third-Party Risk Management: Assess and manage risks associated with third-party vendors involved in application development or distribution.