https://www.taxtmi.com/news?id=24487 Climate change is an emergent systemic financial risk comprising physical risks from extreme and chronic environmental events and transition risks from policy, market and technological shifts; these transmit through credit, market, liquidity, operational, reputational and strategic channels, impairing asset valuations and business continuity. Measurement is challenged by data gaps, methodological limitations and long uncertain horizons, prompting emphasis on integrating climate risk into financial stability monitoring, adopting forward looking tools like scenario analysis and stress testing, and strengthening governance, coordination and capacity building including through a dedicated Sustainable Finance Group. en-us Tue, 21 Sep 2021 17:57:37 +0530 Tue, 21 Sep 2021 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24487 Climate change is an emergent systemic financial risk comprising physical risks from extreme and chronic environmental events and transition risks from policy, market and technological shifts; these transmit through credit, market, liquidity, operational, reputational and strategic channels, impairing asset valuations and business continuity. Measurement is challenged by data gaps, methodological limitations and long uncertain horizons, prompting emphasis on integrating climate risk into financial stability monitoring, adopting forward looking tools like scenario analysis and stress testing, and strengthening governance, coordination and capacity building including through a dedicated Sustainable Finance Group. News - Tue, 21 Sep 2021 17:57:37 +0530 https://www.taxtmi.com/news?id=24487