Revised SPM illustrates the HKMA’s approach to the supervision of emerging risks such as climate risk under its risk-based supervisory approach.
December 30, 2022Governance, strategy, risk appetite and risk management requirements take effect on 31 Dec 2023; and scenario analysis and disclosure requirements one year later.
December 6, 2022The participating banks are Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo.
October 3, 2022New report from the Investment Association and Deloitte offers recommendations for asset managers on net zero transition.
July 15, 2022Climate risk management will be a standing item in annual prudential meetings with banks. The CAMEL rating framework will be updated.
July 1, 2022Hong Kong will develop a GHG emissions estimation tool, a green classification framework, and adopt the ISSB standards when they're ready.
June 22, 2022BOCHK, Citi, Crédit Agricole CIB, HSBC and StanChart will work closely with IFC and HKMA to advocate client adaptation and promote green finance.
June 8, 2022Without early action, the UK's largest banks and insurers would suffer climate-related losses worth $418bn by 2050.
May 25, 2022The repository contains a set of available data sources to help FIs manage climate-related risks and set climate-related goals and strategies.
April 6, 2022The HKMA has also finalised its guidance on climate risk management, giving banks until end-2022 to implement the new measures.
January 3, 2022