On the bright side, banks have started reflecting C&E risks in their current structures; roughly half of them are adapting their governance arrangements accordingly. Some banks have developed comprehensive dashboards for assessing C&E risks when granting credit, some are tightening their credit-granting criteria and others are measuring and disclosing the carbon emissions linked to their loan books.
Twenty five years ago, the then Macao Government promulgated Decree Law No.39/89/M for the establishment of the Monetary and Foreign Exchange Authority of Macao (Autoridade Monetária e Cambial de Macau (AMCM)). After Macao’s return to the Motherland, in order to be more in line with normal practice, the Monetary and Foreign Exchange Authority of Macao was renamed the Monetary Authority of Macao.