Climate risk management is a key focus of the HKMA’s supervisory work. To help banks comprehensively incorporate climate-related considerations into their risk governance frameworks, the HKMA today shares with the industry key observations and good practices identified from recent supervisory activities. These practices support banks in developing climate risk governance structure that can create positive impact, as well as facilitating robust oversight of the key aspects of climate-related risks and opportunities, covering strategy, risk management, and institutional risk culture. Check out the circular here: https://lnkd.in/g96tXQ_e Details of the good practices and key observations: https://lnkd.in/gPTTgtJv The HKMA will continuously advance its supervisory approach and work closely with banks to help build their climate risk management capabilities, including exploring how technological solutions can be deployed, and addressing climate-related data gaps. What’s next from HKMA? A Regtech use-case bulletin, featuring an AI-powered ESG solution to mitigate greenwashing risks, will be published soon. Also, please stay tuned for FiNETech3 in Q4, which explores the potential of Greentech! #HKMA #ClimateRelatedRisk #Riskmanagement #RegTech
Hong Kong Monetary Authority (HKMA)’s Post
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Climate risk, rather than climate opportunity (or sustainable finance), has been a less-discussed and ‘sexy’ area. However it is also the area where hard work is needed. Notably, doing more sustainable finance doesn’t equal lower climate risk. To learn more, see our insights and observations from engagment with the industry last year.
Climate risk management is a key focus of the HKMA’s supervisory work. To help banks comprehensively incorporate climate-related considerations into their risk governance frameworks, the HKMA today shares with the industry key observations and good practices identified from recent supervisory activities. These practices support banks in developing climate risk governance structure that can create positive impact, as well as facilitating robust oversight of the key aspects of climate-related risks and opportunities, covering strategy, risk management, and institutional risk culture. Check out the circular here: https://lnkd.in/g96tXQ_e Details of the good practices and key observations: https://lnkd.in/gPTTgtJv The HKMA will continuously advance its supervisory approach and work closely with banks to help build their climate risk management capabilities, including exploring how technological solutions can be deployed, and addressing climate-related data gaps. What’s next from HKMA? A Regtech use-case bulletin, featuring an AI-powered ESG solution to mitigate greenwashing risks, will be published soon. Also, please stay tuned for FiNETech3 in Q4, which explores the potential of Greentech! #HKMA #ClimateRelatedRisk #Riskmanagement #RegTech
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Agenda and Quick Topic Outline for the ESG Risk Webinar - "The New Generation of ESG Risk Assessment Methods: Regulatory Enforcements and Beyond" on the 5th of June 12.00 - 1:30 pm. The registration page for this webinar is already available and you can already register for your participation. While many institutions have laid the groundwork with basic ESG risk frameworks, there's an increasing demand for advanced methodologies to streamline processes and ensure precise assessment outcomes. In our upcoming webinar we will 💡shed light on the progress achieved by EU banks in integrating ESG risks to meet compliance standards and regulatory expectations. 💡 share insights into navigating the dynamic regulatory landscape and effectively managing ESG risks to bolster sustainability and resilience. 💡present case studies highlighting ESG risk practices within EU banks, with a focus on refining business practices, enhancing risk management strategies, and optimizing reporting mechanisms. Register now for the webinar session on June 5, 2024: https://lnkd.in/esd_94Ww
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PwC | Partner FS GRC Governance, Risk and Compliance - Head of SSM/EBA Office - Global Basel IV leader
Be quick! The webinar is almost fully booked. The topic and speakers are great and give the latest insights into the high priority risk and reg topic!
Agenda and Quick Topic Outline for the ESG Risk Webinar - "The New Generation of ESG Risk Assessment Methods: Regulatory Enforcements and Beyond" on the 5th of June 12.00 - 1:30 pm. The registration page for this webinar is already available and you can already register for your participation. While many institutions have laid the groundwork with basic ESG risk frameworks, there's an increasing demand for advanced methodologies to streamline processes and ensure precise assessment outcomes. In our upcoming webinar we will 💡shed light on the progress achieved by EU banks in integrating ESG risks to meet compliance standards and regulatory expectations. 💡 share insights into navigating the dynamic regulatory landscape and effectively managing ESG risks to bolster sustainability and resilience. 💡present case studies highlighting ESG risk practices within EU banks, with a focus on refining business practices, enhancing risk management strategies, and optimizing reporting mechanisms. Register now for the webinar session on June 5, 2024: https://lnkd.in/esd_94Ww
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What are some best practices for integrating climate risk considerations in risk management and regulatory reporting and how financial leaders can best prepare for the challenges? 🌱🌿 See our latest Q&A with Dharrini Bala Gadiyaram, Global Head of Enterprise Risk Product at Bloomberg ➡️ https://bloom.bg/3VDny0V #SustainableFinance #Regulation #ESG #BloombergBuyside
Building financial resilience: Integrating climate risk into the prudential risk framework | Insights | Bloomberg Professional Services
bloomberg.com
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On the 18th of January, the European Banking Authority published draft guidelines on the management of ESG risks. The guidelines outlay requirements and minimum standards for the ESG risk management that financial institutions should have in place for short-, medium- and long-term horizons. What do the new draft guidelines mean for financial institutions with regards to assessment and management of ESG risks? Read Rickard Blomberg's learnings on the consultation paper here: https://lnkd.in/dtTXH9rU #ESG #RiskManagement
EBA’s Consultation Paper on the Management of ESG Risks – Our Learnings - Advisense
advisense.com
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Read the thoughts and learnings my colleague Rickard Blomberg has drawn from EBA's consultation paper on the management of ESG Risks. Happy to discuss the topic and receive your thoughts as well. #esgrisk #riskmanagement #regulation
On the 18th of January, the European Banking Authority published draft guidelines on the management of ESG risks. The guidelines outlay requirements and minimum standards for the ESG risk management that financial institutions should have in place for short-, medium- and long-term horizons. What do the new draft guidelines mean for financial institutions with regards to assessment and management of ESG risks? Read Rickard Blomberg's learnings on the consultation paper here: https://lnkd.in/dtTXH9rU #ESG #RiskManagement
EBA’s Consultation Paper on the Management of ESG Risks – Our Learnings - Advisense
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Bank risk management is one of core strenghts in Advisense. Next step is ESG risk management.
On the 18th of January, the European Banking Authority published draft guidelines on the management of ESG risks. The guidelines outlay requirements and minimum standards for the ESG risk management that financial institutions should have in place for short-, medium- and long-term horizons. What do the new draft guidelines mean for financial institutions with regards to assessment and management of ESG risks? Read Rickard Blomberg's learnings on the consultation paper here: https://lnkd.in/dtTXH9rU #ESG #RiskManagement
EBA’s Consultation Paper on the Management of ESG Risks – Our Learnings - Advisense
advisense.com
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Please mark your calendars for the ESG Risk Webinar - "The New Generation of ESG Risk Assessment Methods: Regulatory Enforcements and Beyond" on the 5th of June 12.00 - 1:30 pm. The registration page for this webinar is already available and you can already register for your participation. While many institutions have laid the groundwork with basic ESG risk frameworks, there's an increasing demand for advanced methodologies to streamline processes and ensure precise assessment outcomes. In our upcoming webinar we will 💡shed light on the progress achieved by EU banks in integrating ESG risks to meet compliance standards and regulatory expectations. 💡 share insights into navigating the dynamic regulatory landscape and effectively managing ESG risks to bolster sustainability and resilience. 💡present case studies highlighting ESG risk practices within EU banks, with a focus on refining business practices, enhancing risk management strategies, and optimizing reporting mechanisms. Register now for the webinar session on June 5, 2024: https://lnkd.in/esd_94Ww
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Enterprise Portfolio and Risk Analytics, Sales Specialist, United Kingdom at Bloomberg LP
What are some best practices for integrating climate risk considerations in risk management and regulatory reporting and how financial leaders can best prepare for the challenges? 🌱🌿 See our latest Q&A with Dharrini Bala Gadiyaram, Global Head of Enterprise Risk Product at Bloomberg ➡️ https://bloom.bg/3VOnwSB #SustainableFinance #Regulation #ESG
Building financial resilience: Integrating climate risk into the prudential risk framework | Insights | Bloomberg Professional Services
bloomberg.com
