Regulatory Alerts2021-10-15 | 1315792700Added · Updated
Banking Circular No. 4 of 2021 - Guidance on Climate-Related Risk Management
The Central Bank of Kenya (CBK) is issuing guidance to commercial banks and mortgage finance companies on managing climate-related risks, urging them to incorporate these risks into their comprehensive risk management frameworks. The guidance focuses on four key areas: governance, strategy, risk management, and disclosures, with a roadmap for short and medium-term actions. This circular aims to inform the development of implementation plans for climate risk management frameworks by financial institutions.
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