Document background
The Risk Management Assessment serves as a crucial document for organizations operating in Hong Kong's regulated business environment. It is typically required when organizations need to demonstrate compliance with regulatory requirements, undergo significant organizational changes, or periodically review their risk management framework. The assessment addresses various risk categories including operational, financial, regulatory, and strategic risks, while ensuring alignment with Hong Kong's regulatory expectations. This document is particularly important for regulated entities under the supervision of Hong Kong authorities and listed companies subject to corporate governance requirements. The Risk Management Assessment includes detailed analysis of the control environment, risk metrics, and provides actionable recommendations for enhancing risk management practices, making it an essential tool for organizational governance and regulatory compliance in Hong Kong.
