Authors: Sumit Indwar, Clara Hackney

Hong Kong Monetary Authority Proposes Climate Risk Management Supervisory Expectations for Banks

The Hong Kong Monetary Authority has issued a consultation on its proposed supervisory expectations for climate risk management. The proposed expectations are set out in a new module as part of the Supervisory Policy Manual, GS-1 Climate Risk Management. The consultation on the HKMA’s supervisory expectations was promised as part of the second of its three phases in promoting green and sustainable banking.

Read on to see the details and key messages around the implementation.