Regulatory Alerts2024-07-31
Guidelines on Climate-Related and Environmental Financial Risk Management for Financial Institutions
The National Bank of Rwanda mandates that all financial institutions integrate climate-related and environmental risks into their governance, strategy, and risk management frameworks through these newly issued guidelines. A phased implementation across four institutional tiers runs from March 2024 to December 2027, requiring entities to establish dedicated teams, submit self-assessments, and apply NGFS-aligned scenario analysis and stress testing to their internal capital and liquidity adequacy processes. Institutions must subsequently align their reporting and disclosure practices with these requirements to achieve full compliance by the designated deadlines.
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