Regulatory Alerts2020-04-01
Added · Updated
Good Practice Integration of climate-related risk considerations into banks’ risk management
The document provides non-binding guidance on how banks can organize their processes and procedures to manage climate-related risks, including physical and transition risks. It requires banks to govern any material climate-related risk in a manner consistent with sound risk management practices similar to other material risks. The guidance is based on an assessment of existing practices in the Dutch banking sector and aims to inform the sector on managing uncertainties and non-linearities associated with climate change.
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