Regulatory Alerts2025-02-28
Added · Updated
Guidelines for Banking Sector Climate Risk Stress Test 2.0
The Hong Kong Monetary Authority issued these guidelines to update the regulatory framework for climate risk stress testing in the banking sector. The document requires all authorized institutions to conduct stress tests under the Climate Risk Stress Test 2.0 methodology to assess their resilience to climate-related financial risks. This update supersedes the previous 2023 guidelines and aligns with the broader climate risk management standards established in Supervisory Policy Manual GS-1.