Regulatory Alerts2020-06-30
Added · Updated
Green and Sustainable Banking - Climate Risk Management Supervisory Approach
The Hong Kong Monetary Authority issued this Circular to outline its supervisory approach to climate risk management for all authorized institutions. The document establishes expectations for banks to integrate climate-related risks into their governance, strategy, and risk management processes. It serves as a foundational framework guiding the financial sector's transition towards green and sustainable banking practices.
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