The Hong Kong Monetary Authority (HKMA) is the central
banking institution in Hong Kong. It is responsible for
supervising authorized institutions (AIs) with the aim of
promoting stability and integrity of the financial system,
including the banking system.
HKMA Outsourcing SA-2 outlines
the HKMA's supervisory approach to outsourcing and the
recommendations for AIs to address when outsourcing to third
parties.. HKMA Outsourcing SA-2 provides specific guidance
on outsourcing agreements, customer data confidentiality,
control over outsourced activities, contingency planning,
access to outsourced data and overseas outsourcing.
Google Cloud's contracts for AIs in Hong Kong address the
contractual requirements in HKMA Outsourcing SA-2. We have
also created mappings to the guidelines for both GCP and
Google Workspace to assist you with understanding how we can
support you with meeting the requirements and assess us as
an outsourced service provider. Google Cloud is committed to
addressing these requirements regardless of how AIs choose
to use our services.