RegTech's competitive edge

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. When did the Hong Kong Monetary Authority launch its Granular Data Reporting Programme?

  2. Which organisation regulates mainland China’s financial sector?

  3. Why should financial institutions in Hong Kong upgrade their compliance capabilities?

  4. Which capital requirements are currently being rolled out elsewhere?

  5. Which of the following statements is true? Statement 1, RegTech implementation is difficult because of a lack of standardisation in firms’ requirements, or statement 2, RegTech implementation is difficult because of a lack of standardisation in jurisdictions’ requirements.

  6. What is the purpose of the HKMA’s FINETech platform?

  7. What percentage of Hong Kong banking institutions have now adopted RegTech for credit, liquidity, operational and compliance risk management?

  8. In which areas can AI be used to support RegTech?

  9. Which of the following jurisdictions uses the XBRL format for electronic reporting?

  10. Which accountancy firm has published a white paper on RegTech?

1 Unit