Regulatory Alerts2020-12-04
Added · Updated
Climate risk stress test
The Hong Kong Monetary Authority invites licensed banks to participate in a 2021 pilot climate risk stress test to assess sector resilience and build institutional capabilities. Participating institutions must evaluate financial impacts of physical and transition risks under specified scenarios across short and long-term horizons. The regulator encourages the exploration of new methodologies while allowing flexibility in reporting granularities to accommodate varying levels of sophistication among banks.
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