HKMA: Clean Up IT Problem Reporting

Since the examinations are conducted annually and HKMA stays in regular contact with AIs, no major surprises were found, says Nelson Chow, senior manager of HKMA's banking supervision division. However, the audit results reveal a laxity in documenting issues and dealing with problems in a timely fashion by some AIs, he adds.

The most severe problems found by HKMA were delays in replacing malfunctioning components. In one instance, a failure to replace a faulty system led to a major system

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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