Tag: Climate risk
Navigating the storm: How supply chain risks are shaping board agendas
Once relegated to the background, supply chain management has now made its way into the heart of corporate board discussions. So what exactly are the supply chain concerns that can command board-level attention and how can these be effectively addressed? RegTech giant Moody's Analytics has undertaken the challenge to answer this.
IASB unveils project on climate-related risk disclosure requirements
The IASB has launched a new project aimed at exploring changes to requirements for firms to disclose climate risks in financial statements.
EU financial regulators to carry out financial system climate stress test
The EU’s financial regulators are planning to carry out a system-wide analysis of the financial sector’s climate-related risk resilience.
US Federal Reserve unveils climate risk exercise for big banks
The US Federal Reserve has released details for its first climate scenario analysis exercise for the six largest US banks.
CaixaBank launches Climate Risk Unit as part of its Sustainability Directorate
CaixaBank has launched its Climate Risk Unit as part of its Sustainability Directorate, which has seen it bolster its commitment to sustainability.
Climate risk assessment tool Zesty.ai scores debt from Brex
Zesty.ai, a predictive data analytics service for climate risk, has received $10m in venture debt from US spend management decacorn Brex.
ECB calls on banks to improve climate risk disclosures
A recent assessment by the European Central Bank (ECB) on the progress European banks are making in disclosure climate risks has revealed a lot more is yet to be done on this front.
HKMA publishes pilot climate risk stress test results
Climate risk stress tests by the Hong Kong Monetary Authority (HKMA) have found climate risks could cause significant adverse impacts on the banking sector under extreme scenarios.
Taiwan unveils climate risk guidelines for banks and insurers
Taiwan’s Financial Supervisory Commission (FSC) has issued guidelines for banks and insurers on the climate risk disclosures they will be required to make from 2023 onwards.
BCBS launches consultation on climate-related financial risk management
The Basel Committee on Banking Supervision (BCBS) has issued a public consultation on the principles for the management and supervision of climate-related financial risks.