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HKMA rolls out framework to raise competence in operational risk management at banks

The Hong Kong Monetary Authority (HKMA) on Friday announced the launch of the Enhanced Competency Framework on Operational Risk Management (ECF-ORM). The ECF-ORM is a collaborative effort of the HKMA, the Hong Kong Institute of Bankers (HKIB) and the banking sector in establishing a set of common and transparent competency standards for raising the professional competence of relevant practitioners working…

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