There's still time to register and join the GARP Malaysia Chapter on July 15 in Kuala Lumpur for a timely discussion on the vital role of climate risk stress testing for financial institutions. Our panelists Vinod Ramachandran, Bei Ji Kong, and weiyen chee will offer their insights on the methodology of climate risk stress testing, outlining practical steps for implementation. Special thanks to Justin ONG, who will be moderating the panel, and Junaida Ghazie, FRM for helping organize this discussion. We hope to see you there! https://lnkd.in/eddn-sPu #financialrisk #climaterisk #stresstesting #climatestresstesting #sustainability #GARPSCR #GARPFRM
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Strategy and Risk Advisory, Deloitte | Experienced Regulatory Officer in the Supervision Division, BNM | Pursuing Financial Risk Manager (FRM)
Transform Your Understanding of Climate Risk with this Exclusive Event Join us for an unparalleled evening of insights and expertise as we explore the critical role of climate risk stress testing in fortifying financial institutions. This event is designed to arm you with the knowledge and tools needed to navigate the uncertainties of climate change. What you will gain? 🔹 Cutting-Edge Insights on Scenario Planning for Climate Risk Stress Tests 🔹 Strategic Integration of Stress Test Results into Financial Risk and Strategy 🔹 Proven Leading Practices and Solutions to Overcome Challenges Faced by Financial Institutions Esteemed Speakers: Dr Justin ONG, Executive Director, Deloitte (Moderator) Dr Vinod Ramachandran, Climate Risk Modeling, CIMB Bank Dr weiyen chee, Executive Director, Deloitte Ms. Bei Ji Kong, Managing Director, Gecko Technologies Sdn. Bhd. Why this event is a must-attend? 🌐 Exclusive Networking: Connect with industry leaders and like-minded professionals. 📊 Actionable Strategies: Learn from the market experts on how to implement and leverage climate risk stress testing. 🌱 Professional Growth Register Now and Secure Your Spot: https://lnkd.in/eddn-sPu 🌟 Don't Miss Out on This Unique Opportunity to Elevate Your Expertise and Lead the Charge in Climate Risk Management! 🌟 #ClimateRisk #StressTesting #FinancialRiskManagement #GARP #ClimateChange #RiskManagement #Deloitte #CIMB #GeckoTechnologies #FinancialInstitutions #Networking #ProfessionalDevelopment #FutureOfFinance Looking forward to seeing you there!
There's still time to register and join the GARP Malaysia Chapter on July 15 in Kuala Lumpur for a timely discussion on the vital role of climate risk stress testing for financial institutions. Our panelists Vinod Ramachandran, Bei Ji Kong, and weiyen chee will offer their insights on the methodology of climate risk stress testing, outlining practical steps for implementation. Special thanks to Justin ONG, who will be moderating the panel, and Junaida Ghazie, FRM for helping organize this discussion. We hope to see you there! https://lnkd.in/eddn-sPu #financialrisk #climaterisk #stresstesting #climatestresstesting #sustainability #GARPSCR #GARPFRM
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Tri Hita supported Bank Danamon in building internal capacity for Climate change. On 28 May, Tri Hita Consulting conducted a one-day training workshop for climate-relevant departments. Knowledge of climate change is relevant for financial institutions as their business increases or reduces emissions depending on the financing and customers' activities. The training focused on GHG assessments for customers (Scope 3) and also OJK’s recent guidance on CRMS. Two directors and twenty-five participants from 6 different departments participated. The post-test showed that the participants had gained knowledge of climate change. If you belong to an Indonesian financial institution and are interested in starting some capacity building or integrating CRMS into your risk management team, please contact us at info@trihita-consulting.com #sustainablefinance #ojkcrms #riskmanagement
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Decoding Financial Risks and Optimising Capital Management: Risk Advisory, Treasury, Hedging and Basel Regulations
🌍 A Deep Dive into Malaysia’s 2024 Climate Risk Stress Testing 🌿 🔍 The recently unveiled Bank Negara Malaysia (BNM) Methodology Paper for the Climate Risk Stress Testing (CRST) Exercise outlines rigorous requirements for financial institutions, including banks, insurers, and takaful operators, to assess their vulnerabilities under various climate scenarios. 👉 Dive into Deloitte Malaysia's publication for a comprehensive understanding of Malaysia's approach to climate risk stress testing. 💡 Join us in dissecting the critical takeaways from this latest initiative by BNM and delve into the depths of climate risk stress testing with us. Making an impact that matters, together 💚 #ClimateChange #Sustainability #RiskManagement #DeloitteMalaysia #BankNegaraMalaysia #ClimateRiskStressTesting
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Climate Risk testing is hereeeee.
Decoding Financial Risks and Optimising Capital Management: Risk Advisory, Treasury, Hedging and Basel Regulations
🌍 A Deep Dive into Malaysia’s 2024 Climate Risk Stress Testing 🌿 🔍 The recently unveiled Bank Negara Malaysia (BNM) Methodology Paper for the Climate Risk Stress Testing (CRST) Exercise outlines rigorous requirements for financial institutions, including banks, insurers, and takaful operators, to assess their vulnerabilities under various climate scenarios. 👉 Dive into Deloitte Malaysia's publication for a comprehensive understanding of Malaysia's approach to climate risk stress testing. 💡 Join us in dissecting the critical takeaways from this latest initiative by BNM and delve into the depths of climate risk stress testing with us. Making an impact that matters, together 💚 #ClimateChange #Sustainability #RiskManagement #DeloitteMalaysia #BankNegaraMalaysia #ClimateRiskStressTesting
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📃 Stakeholder Notice 🪙 The roadmap depicts the regulator’s attempts to lead the way in creating a sustainable financial sector. With a history of climate risk surveys, industry engagements and regulatory actions, the PA is set to embed climate risk management into industry practices. Plans include enhancing practices as policies progress, contributing to the evolving climate data ecosystem and potentially incorporating sustainability objectives. Click for more 🔗https://bit.ly/4aw5uKe #⃣ #ClimateRoadmap #RegulatedIndustries #SAICAMiB #SAICATechnical South African Reserve Bank Kedibone Sono Mthokozisi Sibisi
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Banks need to do a lot better. With an overall average score of 1.95 out of 10, most banks assessed in the Lower Mekong Region and China do not have proper Environmental, Social, and Governance (ESG) policies. And of the assessed banks, 29 had no environmental policy at all and only three of the 29 banks scored from adequate to good on environmental criteria. Based on the analysis of the ESG policies of 38 assessed regional banks, none deal with the various ESG risks in the pulp and paper, timber and rubber sectors in a comprehensive way. Find out more about Forest and Financing in the Lower Mekong: https://lnkd.in/eZ65_MFJ #SaveForestsNow
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Throughout history, bold risks have often yielded monumental rewards. How does the Global Environment Facility navigate the balance between risk & reward in its pursuit of environmental impact? Read the full #evaluation on assessing portfolio-level risk at the GEF, conducted by Evaluation Officer, Silke Heuser, Ph.D. : 🔗 https://lnkd.in/eMZu6d2B #GEFCouncil67
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🎉We want to extend our gratitude to our risk managers, Jefre Gabrillo, Mark Louie Gomez, Christine Kempeneers, and Jay Guevarra, for attending our PARIMA Food for Thought Lunch Series led by our Board Member from the Philippines, Victoria Tan. They highlighted the impact of #ClimateChange on the procurement of insurance coverage, particularly for fossil fuel energy generation platforms and the need to contextualise the Philippines' situation in terms of climate change, given the country's vulnerability to climate change risks and natural catastrophes. 🤝We look forward to hosting more insightful sessions and empowering risk managers to navigate the complex risk management landscape in an ever-changing world. Together, let us build a stronger and more resilient PARIMA community. 💡 Stay updated on the latest risk management trends and exclusive PARIMA events: www.parima.org #PARIMA2023 #FoodForThought #RiskManagement #Philippines #Networking #ClimateCrisis #ESG #BusinessGrowth #RiskCommunity #RiskManagers #CommunityBuilding
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Congratulations Maritime and Port Authority of Singapore (MPA) and Monetary Authority of Singapore (MAS) for the development of the Singapore-Asia taxonomy which defines the criteria for green and transition activities for #climatechange mitigation. The taxonomy provides a common language across #maritime and #financial services sectors on #greenshipping, channelling more financing flows for #decarbonisation. #BlueEconomy #ClimateChangeMitigation
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Discover how banks and financial institutions in Indonesia should start to proactively addressing the intricate issues of climate-related and environmental risks through climate risk stress-testing methodology. This article unveils how institutions should be integrating sustainability efforts done by customers into their assessment of transition risk and physical risk in the Climate Risk Stress Test. We also talked about the update on Climate Risk Stress Test guideline by OJK and excerpts of KPMG CEO Outlook Survey 2022 and its correlation with the practical implementation of such stress test. Read more https://lnkd.in/gpdsP7y8 Dian Maya Listya; Denny Hanafy, CFA, FRM, CIA, MAcc; Angga Pujaprayoga; Michael Horn; Mia Oenoto #esg #climateRisk #climateRiskStressTest #CRST #transitionRisk #physicalRisk #stressTest
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🌍 Credit Risk Management, ESG & Sustainability | Independent Consultant | KPMG Advisor | GARP Volunteer | Risk, Policy & Regulation | Practical experience in the financial sector | PhD | CFA | FRM | PRM | CIA | SCR
2wIt would be great to have such a session available as an online webinar, Global Association of Risk Professionals (GARP). Do you plan to have it it the near future?