Regulatory Alerts2021-12-30
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Supervisory Policy Manual GS-1 Climate Risk Management
The Hong Kong Monetary Authority issues this non-statutory guideline to establish expectations for Authorized Institutions regarding the management of climate-related financial risks. The document mandates that boards and senior management integrate climate risks into governance, strategy, and risk management frameworks, covering physical and transition risks. It requires institutions to implement proportionate measures for scenario analysis, stress testing, and disclosure to build climate resilience and align with global sustainability goals.
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