Regulatory Alerts2020-05-13
Added · Updated
Common Assessment Framework on Green and Sustainable Banking
The Hong Kong Monetary Authority issued this self-assessment framework to evaluate financial institutions' readiness in addressing climate and environmental risks. It requires institutions to report on six key elements including governance, corporate planning, and risk management, using a four-stage maturity scale for both physical and transition risks. The document mandates that assessments be approved by the Chief Executive and submitted with supporting evidence to demonstrate how these risks are integrated into strategic and financial planning.
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