Regulatory Alerts2020-06-30
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Green and Sustainable Banking - Climate Risk Management Supervisory Approach
The Hong Kong Monetary Authority issued this white paper to outline its supervisory approach for addressing climate-related financial risks within the banking sector. It requires authorized institutions to build climate resilience by integrating governance, strategy, risk management, and disclosure practices into their operations. The document details the transmission of physical and transition risks to traditional banking risks while promoting a three-phased regulatory framework to guide the industry toward sustainability.
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HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
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