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 a revised version of SPM module SA-1 to embed climate risk considerations into its banking supervisory processes. The revisions illustrate the regulator's approach to supervising emerging risks and align the module with current supervisory practices. Authorized institutions are encouraged to continue building climate risk management capabilities in compliance with SPM module GS-1.
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