HKMA SPM international coordination + 2024-2025+ pipeline. INTERNATIONAL COORDINATION: (a) BASEL COMMITTEE ON BANKING SUPERVISION (BCBS) - HKMA implements Basel III capital + liquidity + leverage + LCR + NSFR + IRB + IRRBB + FRTB + SMA op risk + Basel IV emerging; HKMA represents HK in BCBS; (b) IOSCO INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS - coordinates with SFC; (c) FINANCIAL STABILITY BOARD (FSB) - HKMA represents HK + sectoral coordination; (d) FATF - AMLO + AML/CFT mutual evaluation; (e) BIS BANK FOR INTERNATIONAL SETTLEMENTS - HKMA member + central bank coordination; (f) IMF FINANCIAL SECTOR ASSESSMENT PROGRAM (FSAP) - HK periodic FSAP + recommendations + follow-up; (g) IAIS INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS - coordinates with HK Insurance Authority; (h) SINGAPORE MAS + UK PRA + ECB + AUSTRALIA APRA + FEDERAL RESERVE + OCC bilateral memoranda + supervisory colleges + cross-border resolution; (i) ASEAN+3 + BIS Asian Consultative Council + sectoral regional cooperation. KEY 2024-2025+ PRIORITIES: (1) CLIMATE-RELATED FINANCIAL RISK - HKMA Greenhouse Gas Emissions + Climate Risk Management Module (CCM) + Pillar 2 climate + supervisory expectations + sustainable finance + green taxonomy alignment + TCFD + ISSB IFRS S2 implementation; (2) AI + MACHINE LEARNING + GENERATIVE AI - AI governance + risk management + bias + transparency + supervisory expectations + sectoral guidance + customer protection + Hong Kong AI Risk Framework integration; (3) DORA COORDINATION - cross-jurisdictional EU DORA effective 17 January 2025 + HK AI cross-border operations + ICT third-party + threat-led penetration testing alignment; (4) OPERATIONAL RESILIENCE deepening OR-2 + Important Business Services + Impact Tolerances + sectoral testing exercises; (5) DIGITAL ASSETS + VIRTUAL BANKING + CBDC - virtual bank (VB) supervision + digital asset platform + stablecoin + e-HKD CBDC pilots + tokenization + Web3 + DeFi sectoral expectations; (6) SUSTAINABLE FINANCE + ESG - HKMA Sustainable Finance Steering Committee + green + transition finance + ESG disclosure + climate stress testing; (7) CYBERSECURITY EVOLUTION - quantum-resistant cryptography readiness + AI cybersecurity + ransomware + supply chain + sectoral cyber exercises + Cybersecurity Fortification Initiative evolution; (8) RECOVERY + RESOLUTION DEEPENING - FIRO maturity + resolution colleges + cross-border bail-in + recovery + cyber-incident-aware resolution planning; (9) FINANCIAL INCLUSION + RETAIL INVESTOR PROTECTION + INVESTOR EDUCATION; (10) INTERNATIONAL FINANCIAL CENTRE positioning + sectoral regulatory clarity + foreign + cross-border. RECENT HKMA SUPERVISORY COMMUNICATIONS: ongoing Circulars + Quarterly Bulletins + Industry Notices + supervisory expectations + sectoral exercises. RECENT SPM UPDATES + REVISIONS 2024-2025: ongoing module revisions + climate + ESG integration + AI risk + cybersecurity evolution + virtual banking + sectoral coordination.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.