Book traversal links for H. Financial Risks from Climate Change
H. Financial Risks from Climate Change
C 52/2017 STA Effective from 1/4/2021100. Banks are expected to build up Board awareness and understanding of the financial risks arising from climate change and how they will affect their business models. Each bank should use scenario analysis and stress tests to improve the risk identification process, to understand the short- and long-term financial risks to their business model from climate change, and to develop appropriate strategies accordingly.