Regulatory Alerts2024-05-29
Added · Updated
Green & Sustainable Banking - Climate Risk Management
The Hong Kong Monetary Authority issued this circular on 29 May 2024 to address climate risk management within the framework of green and sustainable banking. It directs all authorized institutions to implement robust climate risk management practices as outlined in the Supervisory Policy Manual module GS-1. This regulatory update supersedes previous consultation documents and establishes the current supervisory expectations for managing climate-related financial risks.
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