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.
CIR
Current
Issue Date:
21 Apr 2023
20230421-2-EN.pdf (503.8 KB)
Topic:
Green & Sustainable Banking - Climate risk management
Internal Controls - Others
Group:
All Authorized Institutions
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Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
21 Apr 2023
Climate risk stress test
CIR
Current
21 Apr 2023
Climate risk stress test
Cross referenced Document
Version History
Superseded Document
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