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Andrew Lockhart

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Andrew Lockhart heads the Banking and Finance Practice Group in Hong Kong. He is regularly named in the Euromoney Legal Group’s Guide to the World’s Leading Aviation Lawyers and Who’s Who Legal: Aviation Lawyers, and is ranked among the highly recommended lawyers by PLC Which lawyer? and Chambers Global in the field of banking and finance. Andrew is also top-ranked by Chambers Asia Pacific in the area of aircraft finance and by Legal 500 Asia Pacific in the areas of banking and finance and asset finance. He has also been named a leading lawyer for banking and finance by IFLR 1000.

The Hong Kong Monetary Authority (HKMA)  has been increasingly active in promoting green and sustainable finance in Hong Kong. Adopting a three-phase approach, the HKMA has developed a common assessment framework to assess the “greenness baselines” of HKMA-authorized banks and deposit-taking institutions (authorized institutions or AIs) and completed a first round of self-assessments of AIs (Phase I). It has also moved to Phase II which involves the development of climate risk management-related supervisory requirements for AIs. An industry consultation on supervisory requirements is expected in 2021 (possibly within the first half). Phase III (implementation and compliance monitoring) will follow once targets have been set.

The Hong Kong Monetary Authority (HKMA)  has been increasingly active in promoting green and sustainable finance in Hong Kong. Adopting a three-phase approach, the HKMA has developed a common assessment framework to assess the “greenness baselines” of HKMA-authorized banks and deposit-taking institutions (authorized institutions or AIs) and completed a first round of self-assessments of AIs (Phase I). It has also moved to Phase II which involves the development of climate risk management-related supervisory requirements for AIs. An industry consultation on supervisory requirements is expected in 2021 (possibly within the first half). Phase III (implementation and compliance monitoring) will follow once targets have been set.