HKMA Releases Whitepaper and First Quantum Preparedness Index for Banks

The Hong Kong Monetary Authority (HKMA) has published a whitepaper assessing the quantum readiness of Hong Kong's banking sector. As part of the release, the HKMA introduced its first-ever Quantum Preparedness Index, a benchmark measuring how prepared local lenders are for quantum computing threats. The index revealed that preparedness levels among Hong Kong banks are notably low. The move reflects growing regulatory concern over the cybersecurity risks that advances in quantum computing could pose to the financial industry.