Regulatory Alerts2021-12-30
Added · Updated
Guidelines for Banking Sector Climate Risk Stress Test
The Hong Kong Monetary Authority issued guidelines requiring authorized institutions to conduct climate risk stress tests. These measures mandate the integration of climate risk management into internal controls and strategic planning for the banking sector. The framework aims to enhance the resilience of financial institutions against potential climate-related financial risks.
CIR
Current
Issue Date:
30 Dec 2021
20211230-3-EN.pdf (175.5 KB)
Topic:
Green & Sustainable Banking - Climate risk management
Internal Controls - Others
Group:
All Authorized Institutions
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Superseded Document
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Directly related Document
Cross referenced Document
Version History
Superseded Document
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Enclosure: Guidelines for Banking Sector Climate Risk Stress Test