Mitigating Climate Change Risks and Fostering a Robust Ecosystem for Sustainable Finance (Keynote address delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - November 29, 2024 - at the International Conference, organised by the Institute of South Asian Studies (ISAS) at the National University of Singapore (NUS), in New Delhi)

Mitigating Climate Change Risks and Fostering a Robust Ecosystem for Sustainable Finance (Keynote address delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - November 29, 2024 - at the International Conference, organised by the Institute of South Asian Studies (ISAS) at the National University of Singapore (NUS), in New Delhi) https://www.taxtmi.com/news?id=28191 Climate-related financial risks - both physical and transition - threaten price and financial stability by interacting with credit, market, liquidity and operational risks and can be amplified through interconnectedness and cross-border linkages. Effective regulatory response requires prudential safeguards plus enabling measures: disclosure standards, capacity building, inter-regulatory coordination, and improved data infrastructure. The Reserve Bank proposes measures including climate risk surveys, a draft disclosure framework, guidance on green deposits, and creation of a standardised data repository (RB-CRIS) to address fragmented climate data and support credible scenario analysis and sustainable finance mobilization. en-us Wed, 04 Dec 2024 17:45:03 +0530 Wed, 04 Dec 2024 17:47:00 +0530 TaxTMI RSS Generator Mitigating Climate Change Risks and Fostering a Robust Ecosystem for Sustainable Finance (Keynote address delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - November 29, 2024 - at the International Conference, organised by the Institute of South Asian Studies (ISAS) at the National University of Singapore (NUS), in New Delhi) https://www.taxtmi.com/news?id=28191 Climate-related financial risks - both physical and transition - threaten price and financial stability by interacting with credit, market, liquidity and operational risks and can be amplified through interconnectedness and cross-border linkages. Effective regulatory response requires prudential safeguards plus enabling measures: disclosure standards, capacity building, inter-regulatory coordination, and improved data infrastructure. The Reserve Bank proposes measures including climate risk surveys, a draft disclosure framework, guidance on green deposits, and creation of a standardised data repository (RB-CRIS) to address fragmented climate data and support credible scenario analysis and sustainable finance mobilization. News - Wed, 04 Dec 2024 17:45:03 +0530 https://www.taxtmi.com/news?id=28191