How Has Supervision Responded to Climate Change-Related Financial Risks?

Year Published

2020

Contributing Organizations

International Monetary Fund (IMF)

Global Affairs Canada (GAC)

Toronto Centre

The Swedish International Development Cooperation Agency (Sida)

Type of Resource

Research/Insights Report

Tool

Languages

English

Relevant Topics

Core Topic

Risk Management

Topic 2

Climate Reporting

Target Audience

All

Relevant Geography

Global

Resource Description

This resource outlines international initiatives on climate change-related financial risks and sustainable financing and highlights specific areas national supervisory authorities should be focusing on.

Why This Matters

Climate change is rapidly emerging as a threat to financial system stability. Supervisors have a critical role to play in assessing and managing its impacts on financial institutions, assets, and markets.

Key Insights

Outlines the international frameworks on climate risks in financial systems, with information on key regulations and guidance from various networks
Explains supervisory responses to climate change-related financial risks such as mandates, risk management and climate stress testing, using case studies and examples for each response

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