Lloydon Leong’s Post

Climate Risk testing is hereeeee.

Recently, Bank Negara Malaysia issued the Methodology Paper for the 2024 Climate Risk Stress Testing (CRST) exercise. This marks a significant step towards understanding and mitigating the financial sector's exposure to climate-related risks.   We are pleased to share our point of view on this meaningful initiative which is essential to ensure the resilience and readiness of financial institutions against the backdrop of an evolving climate landscape. By simulating various long-term climate scenarios, the CRST methodology aims to guide financial institutions to forecast and strategize against potential economic impacts, whilst aligning with international efforts to promote a low-carbon economy.   Curious about how it impacts your institution or looking for guidance on how to comply with the expectations set by BNM for the upcoming industry wide CRST exercise? Deloitte is ready to support your organisation in this journey. Reach out to us for insights and support – let's navigate the future of sustainable finance together.   #CRST2024 #ClimateRisk #FinancialResilience #BNM

LIVE NOW: Ajith Kumar A, Vice President & Head - Market Risk & ESG, Federal Bank sharing his insights at the Climate Transition - A Banker's Perspective webinar.   auctusESG | Association of Development Finance Institutions of Malaysia (ADFIM) | Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)   #ClimateTransitionWebinar #BankingPerspective #ClimateInsights #FinanceStrategies #SustainableFinance #ClimateActionNow #WebinarAlert #SustainableFinance  

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

🇵🇭 The Philippines Country Risk Report July Bulletin is available ! 🗃 Some of the relevant insights are: 📍 Political Risk … A conflict between two of the Philippines’ most powerful families could threaten the country’s political stability and requires monitoring…. 📍 Economic Risk … In April 2024, the ratings agency S&P Global Ratings slightly improved its growth outlook on the Philippines for 2026, on expectations of resurgent consumption as inflation is projected to soften beyond 2024… 📍 Commercial Risk … Meanwhile, in April 2024, Fitch Ratings affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of likely robust economic growth over the next two years… 🌳 ESG Risk …The Philippines is among the laggards in Asia in adopting ESG standards, according to a report from the Asian Corporate Governance Association… 👉 About more relevant insights and latest economic data you find the July edition of The Philippines Country Risk Report: https://lnkd.in/dpbWjJ-3 🌍 With the Global API solution Worldbox Business intelligence is providing business intelligence and used in data analytics. The Global API enables a frictionless real time onboarding, KYC and compliance verification, while rapid globalinvestigations are provided, if needed. 🌏 Worldbox Business Intelligence provides global data in a standardisedstructure on more than 200 Million companies worldwide. It’s global network of subsidiaries, branches and desks allows the precise and efficient collection of data on key target territories for clients and partners. 📣 Reach out to us ! #philippines #countryrisk #southeastasia #businessintelligence #data #global #api #politicalrisk #economicrisk #commericalrisk #esg Adrian J. Ashurst Edward Sornio Neil Munroe Joachim C Bartels Peter Sheerin Ingrid Riehl

🌱 Exciting news! EIB Global has signed a pact with North Macedonia's National Bank under the GFS program. 🤝 This means expert guidance to boost their climate risk management & reporting. Local banks will now better grasp corporate climate risks, powering sustainable practices! 🌍💼 #Sustainability #Partnership #EIBGlobal #GreenFinance #EuropeanInvestmentBank #ClimateRiskManagement #NorthMacedonia

🇲🇾 Malaysia Country Risk Report July Bulletin is now available ! ⭐ Some of the interesting highlights are: 📍 Economic Risk …The economy continues to improve, expanding at a faster-than-expected annual pace of 3.9% in the first quarter of 2024…. The surprising buoyancy of the Chinese economy is supporting Malaysia. China is the trade-reliant country’s largest trade partner. The central bank expects GDP to expand by between 4% and 5% in 2024 on improving external demand. A pick-up in the tech cycle – Malaysia is a major supplier of semiconductors – should also support growth this year…. 🖌 While, looking at our recent Cambodia country risk report, we reported, that China seems to reduce their engagement with Cambodia: https://lnkd.in/eYuz7PjM 📍 ESG Risk …In February 2024, Malaysia’s Securities Commission announced the launch by its Advisory Committee on Sustainability Reporting (ACSR) of a consultation on the proposed use of the IFRS Foundation’s International Sustainability Standards Board (ISSB) as the basis for mandatory reporting requirements for listed and large companies…. 👉 More details, about political and commercial risk, and latest economic data here you find the July edition of Malaysia country risk report: https://lnkd.in/eDVi6Wcv 🌍 With the Global API solution Worldbox Business intelligence is providing business intelligence and used in data analytics. The Global API enables a frictionless real time onboarding, KYC and compliance verification, while rapid globalinvestigations are provided, if needed. 🌏 Worldbox Business Intelligence provides global data in a standardisedstructure on more than 200 Million companies worldwide. It’s global network of subsidiaries, branches and desks allows the precise and efficient collection of data on key target territories for clients and partners. 📣 Reach out to us ! #countryrisk #southeastasia #businessintelligence #data #global #api #politicalrisk #economicrisk #commericalrisk #esg #malaysia #cambodia #china Adrian J. Ashurst Edward Sornio Neil Munroe Joachim C Bartels Peter Sheerin Ingrid Riehl

Stakeholder Notice ~ Guidance Notices on climate-related governance and risk practices and climate-related disclosures for banks and insurers. ☁ Climate change presents both physical and transition risks that could impact the safety, soundness, and stability of banks and the broader financial sector. Climate-related risk disclosures are crucial for market discipline, providing stakeholders with consistent and comparable information. They aid in pricing risks, supporting efficient capital allocation and improving national and international risk management. The Prudential Authority has developed guidance to strengthen risk management practices related to these climate-related risks and climate-related disclosures. 🌿 🏦 Banks: Climate-related governance and risk practices 🔗 https://bit.ly/3yFMUlK 🏦 Banks: Climate-related disclosures 🔗 https://bit.ly/3X5nuYy 📉 Insurers: Climate-related governance and risk practices 🔗 https://bit.ly/3ywLPfI 📊 Insurers: Climate-related disclosures 🔗 https://bit.ly/4dQXO8h #ClimateRisk #RegulatedIndustries #SAICAMiB #SAICATechnical Mthokozisi Sibisi

📃 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

ITFA is delighted to once again partner with Global Trade Review (GTR) on their latest edition of GTR Training: Integrating #esg Risk Into Commodity Trade Finance, taking place over March 19-20. Fully accredited by LIBF and offering 7 CPD points, this online course has been designed to provide bank professionals with the information and context they need to understand how sustainability issues impact commodity trade finance. ESG and sustainability have become dominating issues in the world economy. But ESG regulation is evolving and to date no internationally recognised standards have emerged. This presents a huge challenge for banks, which are struggling to integrate ESG into their risk management framework. The challenge is especially acute for commodity trade finance, which is exposed to multiple ESG risks that are poorly understood. And with compliance and reporting standards strengthening by the day, the banks that finance commodity trade need to overhaul their risk management approach urgently.   The host, Tedd George, Kleos Advisory Ltd (UK) will explore: » #sustainability factors and impacts » The different approaches and frameworks that are being developed to manage ESG risk » A range of guiding documents and frameworks that can be used to successfully integrate ESG into the risk management of commodity trade finance   ITFA #memberbenefits #discounts   The ITFA Board is delighted to inform you that as a supporting partner, we have secured a limited number of passes at 50% discount, available on first come first serve basis. To benefit from the discounts, please send an email to sec@itfa.org. As always, we do hope that our members make the most of the additional benefits that ITFA is bringing to them through such collaborations. #esg #training #online #membershipbenefits #knowledge Sean Edwards Lorna Pillow André Casterman Chris Hall Duarte Pedreira Hernan Mayol Johanna H.K.M. Wissing Paul Coles Silja Calac Simon Cook Zhang Mei Alexia Vella Andrea Martin Alison Muscat Petra O'Connell Lanika Vella Desira Duncan Friggieri ITFA ITFA Middle East ITFA Americas (AMRC)