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Virtual: How to Incorporate Climate Risks into the Regulatory and Supervisory Framework

Deadline passed

Session No.: AT 25.11V

Location: Ebene, Mauritius

Date: February 17-21, 2025 (1 week) New dates

Delivery Method: Virtual Training

Primary Language: English

Interpretation Language: French Portuguese

Target Audience

Mid-level to senior officials at supervisory agencies and central banks.

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Qualifications

Participants are expected to have a degree in economics or a related field.

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Course Description

The course summarizes the latest development in international frameworks related to climate related risks supervision, complemented by country examples and case studies. The primary focus is on the Basel Committee for Banking Supervision (BCBS) standards, with overlaps to the guides issued by the Network for Greening the Financial System (NGFS) or disclosure standards adopted by the International Sustainability Standards Board (ISSB). The course provides guidance on concrete steps in establishing climate related risks supervision. It covers issues which need to be reflected by supervisors in developing their capacity for climate related risks supervision as well as essential considerations for tailoring supervisory expectations towards banks. Participants may be asked to present their country approaches towards climate risks and how it relates to the financial system; potentially, also measures which have been taken by supervision so far.

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Course Objectives

Upon completion of this course, participants should be able to:

  • Understand the application of regulatory frameworks on climate related risks supervision, and the scope for potential adjustments to the existing regulation.
  • Explain essential areas of climate related risk regulation, including governance and risk management or disclosure requirements.
  • Prepare data surveys to banks and establish reporting frameworks.
  • Lead discussions with banks on climate related issues and reflect these discussions in the supervisory process.
  • Elaborate supervisory tools and approaches to cover climate related risks, including the frameworks for risk-based supervision.
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