2023-04-21

Added · Updated

Guidelines for Banking Sector Climate Risk Stress Test

The regulator issued guidelines on April 21, 2023, requiring all authorized institutions to conduct climate risk stress tests. These directives mandate the implementation of robust internal controls and risk management frameworks specifically tailored to green and sustainable banking practices. The document establishes the operational standards for assessing climate-related financial vulnerabilities within the banking sector.

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Hong Kong

Hong Kong Monetary Authority

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