Regulatory Alerts2020-07-07
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Range of practices for management of climate risks
The Hong Kong Monetary Authority (HKMA) outlines supervisory expectations for climate risk management by documenting advanced practices adopted by major authorized institutions. The document details how these institutions integrate climate considerations into governance, strategy, risk identification, measurement, and disclosure frameworks aligned with nine guiding principles. Key practices include board accountability, scenario analysis, embedding climate risks into credit processes, and adhering to TCFD recommendations to enhance transparency.
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HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
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