Regulatory Alerts2020-06-30
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White Paper on Green and Sustainable Banking
The Hong Kong Monetary Authority issued the White Paper on Green and Sustainable Banking to outline its supervisory approach to climate-related risks for authorized institutions. The document requires financial institutions to prepare for physical and transition impacts of climate change on their operations and clients. The regulator intends to engage in further industry discussion before establishing formal supervisory requirements for a more climate-resilient banking system.
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