Regulatory Alerts2022-06-22
Added · Updated
Supervisory Policy Manual GS-1 Climate Risk Management
The Hong Kong Monetary Authority issued Supervisory Policy Manual GS-1 to establish expectations for authorized institutions regarding climate risk management. The document requires institutions to integrate climate-related risks into their governance, strategy, risk management processes, and data analytics. It mandates that banks and licensed entities identify, assess, and manage both physical and transition risks associated with climate change.
Topics
Share