Regulatory Alerts2020-07-07
Added · Updated
Range of practices for management of climate risks
The Hong Kong Monetary Authority issued this circular to provide authorized institutions with a range of practices for managing climate risks. It serves as an enclosure to the White Paper on Green and Sustainable Banking, outlining expected standards for integrating climate considerations into governance and risk management frameworks. The document aims to guide financial institutions in identifying, assessing, and mitigating climate-related financial risks effectively.
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