Managing climate-related risks in Canada
0 comments
Earlier today, Ben Gully, Assistant Superintendent (Regulation Sector) OSFI spoke to the work the prudential regulator is doing to create the basis for sound prudential decisions on climate-related risks.
In his remarks, the Assistant Superintendent noted OSFI focus as being the prudential impact of climate change in terms of physical, liability and transition risks.
He also addressed the work OSFI and the Bank of Canada are doing to develop a climate scenario pilot and how that would contribute to improved risk management at institutions OSFI oversees.
Further details are available here.
Photo Credit: Pixabay