Reserve Bank of New Zealand publishes guidance on managing climate risks for regulated banks and insurers.
The Reserve Bank of New Zealand has published guidance on managing climate-related risks for regulated banks and insurers. This guidance outlines expectations for entities to identify, manage, and monitor climate-related risks, as climate change poses a risk to the stability of the financial system. The guidance is not prescriptive and allows entities to decide how to apply it to their business models and strategies.
March 25, 2024
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