Regulation guide

HKMA TM-G-1 Technology Risk Management

Operationalize the HKMA TM-G-1 Technology Risk Management requirements—from regulatory obligations and evidence collection to vendor assessments, continuous monitoring, governance, and remediation workflows.

Overview

HKMA TM-G-1 is the Supervisory Policy Manual module for technology risk management. It covers technology governance, IT operations, security, system development, outsourcing, cyber resilience, incident management, and assurance.

It applies to regulated organizations and other institutions within scope of the framework and requires organizations to identify, assess, govern, monitor, and manage risks introduced by ICT providers, cloud vendors, and technology dependencies throughout the entire relationship lifecycle.

Rather than prescribing identical controls for every relationship, the regulation emphasizes a risk-based approach, requiring organizations to apply governance, oversight, controls, monitoring, and due diligence according to the criticality and risk of each relationship.

This implementation guide explains what the regulation requires, how those requirements translate into operational controls and evidence, and how Halbarad helps organizations operationalize compliance through assessments, continuous monitoring, governance workflows, and supply chain risk intelligence.

Official Sources

Operationalization Requirements

  • Confirm the current TM-G-1 module version.
  • Map systems, data, providers, access, recovery requirements, and business services.
  • Maintain controls for access, vulnerability, patching, logging, backup, change, and incident

response.

  • Review technology outsourcing and cloud providers.
  • Preserve assurance, remediation, and reporting evidence.

Evidence Requirements

  • Technology risk policies and system inventory.
  • Provider and cloud records.
  • Access, vulnerability, incident, recovery, testing, and audit evidence.
  • Monitoring and remediation.

Common Gaps

  • Technology providers are not linked to system criticality.
  • Cloud dependencies are not connected to recovery planning.
  • Incidents do not update provider risk.

How Halbarad Helps

Halbarad helps map technology providers to systems, data, controls, incidents, downstream parties, and remediation.

Disclaimer

This guide is for general information only and is not legal advice. Review the official regulation, guidance, and supervisory materials, and consult qualified counsel or compliance advisors for your organization's specific obligations.