Document background
The Risk Assessment Policy serves as a foundational document for organizations operating in Hong Kong, establishing a structured framework for identifying, assessing, and managing various types of risks. This policy is essential for compliance with Hong Kong's regulatory requirements, including but not limited to the Securities and Futures Ordinance, Banking Ordinance, and various regulatory guidelines issued by Hong Kong authorities. The document outlines specific procedures, responsibilities, and methodologies for conducting risk assessments, ensuring a consistent and comprehensive approach to risk management across the organization. It is particularly crucial for organizations seeking to maintain robust governance structures and demonstrate regulatory compliance while effectively managing their risk exposure in the Hong Kong business environment.
