Regulatory Alerts2023-04-21
Added · Updated
Guidelines for Banking Sector Climate Risk Stress Test
The Hong Kong Monetary Authority issued these guidelines on April 21, 2023, to establish the framework for conducting climate risk stress tests within the banking sector. The document mandates that all authorized institutions implement robust stress testing methodologies to assess their resilience against various climate-related scenarios. These requirements aim to enhance the financial system's ability to identify, measure, and manage potential risks arising from climate change.
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