Regulatory Alerts2021-12-30
Added · Updated
Supervisory Policy Manual (SPM): GS-1 Climate Risk Management
The Hong Kong Monetary Authority issued Supervisory Policy Manual GS-1 to establish expectations for climate risk management within all authorized institutions. This policy requires banks to integrate climate-related risks into their overall risk management frameworks and governance structures. The document outlines specific supervisory expectations to ensure institutions can identify, assess, and manage climate risks effectively.
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