Regulatory Alerts2022-12-23
Added · Updated
Supervisory Policy Manual (SPM): Revised Module SA-1 on Risk-based Supervisory Approach
The Hong Kong Monetary Authority issued this circular to revise Module SA-1 of the Supervisory Policy Manual, integrating climate risk management into the risk-based supervisory approach for all authorized institutions. The revision aligns the framework with the authority's broader efforts to embed climate risk in banking supervision, as referenced in related documents such as CIR 30 Jun 2022 and GS-1. This update ensures that supervisors assess and address climate-related financial risks as a core component of their ongoing supervisory activities.
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