The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Institute of Bankers (HKIB) and the banking industry, has launched the Core Level of the Enhanced Competency Framework on Green and Sustainable Finance (ECF-GSF). The framework sets common and transparent competency standards for GSF-related job roles in the banking sector, with the aim of facilitating banking practitioners to acquire GSF knowledge and develop professional competencies in this field more effectively. The ECF-GSF will be launched in two phases, with Phase One focusing on the knowledge and application of GSF and Phase Two focusing on specialised domain areas covering upcoming market developments and regulatory trends. The HKMA encourages authorized institutions (AIs) to adopt the ECF-GSF as part of their overall staff recruitment and development efforts and to monitor and maintain the competence levels of their staff. The HKIB is the administrator of the ECF-GSF and will handle certification and grandfathering applications, provide training programs, administer examinations and CPD requirements, and maintain a public register of qualified certification holders. AIs can direct any inquiries regarding certification, grandfathering, training, and related matters to the HKIB.