News Snapshot:
In December 2021, the Hong Kong Monetary Authority (HKMA) issued the results of its pilot climate risk stress test (CRST). The CRST assesses the potential impact of climate change on the Hong Kong banking sector. It marks the latest such publication by a regulator on the topic, with French regulator, Autorité de contrôle prudentiel et de résolution (ACPR), having published the results of its [climate risk stress test](/redirection.asp?article_id=1153166&company_id=1089&redirectaddress=https://www.eyeonesg.com/2021/05/the-results-are-in-frances-acpr-publishes-report-of-2020-pilot-climate-risk-assessment-aka-stress-test-for-participating-french-banks-and-insurers/) in Q2 2021 and a number of other countries' regulators undertaking similar analyses during 2022. The CRST indicates that the Hong Kong banking sector should remain resilient to climate-related shocks given the...
