The HKMA is looking to embed climate-related financial risks into its supervisory framework by taking cues from The Basel Committee on Banking Supervision (BCBS)’s recently issued FAQs. Authorized institutions should ensure their interpretations and applications of the existing Basel Framework incorporate these important considerations around potential environmental threats.
Read more:
https://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2023/20230112e1.pdf
https://www.bis.org/bcbs/publ/d543.pdf
https://www.bis.org/bcbs/publ/d532.htm