Enterprise risk management (ERM) requirements and guidelines for licensed insurers.
Published Date: 01 March 2013
Guidelines on Risk Management Practices – Operational Risk
Guidelines for a financial institution’s operational risk management framework, including business continuity and outsourcing.
Applies to: Full Bank (Locally Incorporated) , Full Bank (Branch) , Wholesale Bank (Branch) , Wholesale Bank (Locally Incorporated) , Finance Company , Merchant Bank (Locally Incorporated) , Merchant Bank (Branch) , Dealing in Capital Markets Products , Product Financing , Licensed Fund Management Company , Corporate Finance Advisory , REIT Management , Registered Fund Management Company , Credit Rating Agency , Securities Crowdfunding , Venture Capital Fund Management Company , Exempt Futures Broker , Exempt OTC Derivatives Broker , Providing Custodial Services , Exempt Corporate Finance Adviser Serving Accredited Investors , Approved CIS Trustee , Exempt Trust Company , Licensed Trust Company , Exempt Person Providing Trust Services , Markets and Exchanges , Clearing House , Benchmark Administrator/Submitter , Holding Company of Exchange or Clearing House , Central Securities Depository , Trade Repository , Credit/Charge Card Issuer , Major Payment Institution , Standard Payment Institution , Money-changing Licensee
These guidelines set out the key elements expected of an institution’s operational risk management framework and include guidelines on business continuity and outsourcing.