Regulatory Alerts2022-06-30
Added · Updated
Embedding climate risk in banking supervision
The Hong Kong Monetary Authority issued this circular to guide authorized institutions in embedding climate risk management into their banking supervision frameworks. It establishes requirements for integrating climate-related risks into governance, strategy, and risk management processes to support the transition to carbon neutrality. The document references related supervisory policies including GS-1 on climate risk management and sound practices for sustainable banking.
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