If approved by Parliament, the new comply-or-explain climate risk disclosure regime could come into effect in 2023 at the earliest.
The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.
APRA will prioritise the safety and soundness of regulated institutions, operational resilience and contingency planning for adverse events.
From 2024, all financial firms and listed companies with paid-in capital over $340mn will be required to have at least one-third of...
Hong Kong needs a more coordinated policy environment and an ESG policy roadmap, to provide greater certainty and foster confidence for institutional...
By end-2021, financial firms will have to be able to demonstrate that their approaches to managing climate-related financial risk have been implemented...
The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental...
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