Regulatory Alerts2019-06-28
Added · Updated
Phase-one measures to promote green and sustainable banking
The Hong Kong Monetary Authority issued this circular to outline its Phase I work plan for promoting green and sustainable banking in Hong Kong. The regulator will collaborate with industry stakeholders to form a Working Group tasked with developing a common framework of guiding principles and metrics to assess the 'greenness' of authorized institutions by the end of 2019. Additionally, the HKMA will organize training programs to enhance industry capacity and plans to conduct a comprehensive assessment of the framework in the second quarter of 2020.
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