Climate Financial Risk Forum: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Add link.) |
(Add quote - source - STS handbook.) |
||
| Line 6: | Line 6: | ||
It is chaired jointly by the UK's Financial Conduct Authority and Prudential Regulation Authority. | It is chaired jointly by the UK's Financial Conduct Authority and Prudential Regulation Authority. | ||
:<span style="color:#4B0082">'''''Short-term climate financial risk scenarios'''''</span> | |||
:"The purpose for measuring the impact of climate risk and the time horizon will vary across the financial sector... | |||
:* Insurers may choose to focus on measuring the impact of climate change on the claims and premium volumes that drive the profits and losses in their books. | |||
:* Banks may need to assess how climate change is to be factored in their measure of risk-weighted asset ratios to inform their capital reallocation processes. | |||
:* Asset managers may seek to adjust their sectoral asset allocations for a given portfolio considering climate-related risk, to stabilise their projected return profile. | |||
:* Banks, insurers, and asset managers can also assess how climate-related risk drives variations in their short-term financial earnings, asset and liability valuations, and solvency and liquidity positions." | |||
:''Climate Financial Risk Forum Guide - Resilience working group - Short-term scenarios.'' | |||
== See also == | == See also == | ||
* [[Adaptation finance]] | |||
* [[Asset manager]] | |||
* [[Bank]] | |||
* [[Best practice]] | |||
* [[Capital]] | |||
* [[Capital ratio]] | |||
* [[Climate change]] | * [[Climate change]] | ||
* [[Climate liability risk]] | * [[Climate liability risk]] | ||
* [[Climate risk]] | * [[Climate risk]] | ||
* [[Earnings]] | |||
* [[Event risk]] | * [[Event risk]] | ||
* [[Financial Conduct Authority]] | * [[Financial Conduct Authority]] | ||
* [[Financial institution]] | |||
* [[Insurer]] | |||
* [[Investment risk]] | * [[Investment risk]] | ||
* [[Liquidity]] | |||
* [[Nature-related risk]] | |||
* [[Premium]] | |||
* [[Prudential Regulation Authority]] | * [[Prudential Regulation Authority]] | ||
* [[Regulation]] | * [[Regulation]] | ||
* [[Resilience]] | |||
* [[Risk management]] | * [[Risk management]] | ||
* [[Risk-weighted assets]] | |||
* [[Solvency]] | |||
== | ==Other resources== | ||
*[https://www.fca.org.uk/publication/corporate/cfrf-nature-related-risk-handbook-financial-institutions-2024.pdf Nature-related Risk - Handbook for Financial Institutions] | |||
*[https://www.fca.org.uk/publication/corporate/cfrf-short-term-scenarios-2024.pdf Climate Financial Risk Forum Guide - Resilience working group - Short-term scenarios] | |||
*[https://www.fca.org.uk/publication/corporate/cfrf-mobilising-adaptation-finance-build-resilience-2024.pdf Mobilising adaptation finance to build resilience] | |||
*[https://www.fca.org.uk/publication/corporate/climate-financial-risk-forum-guide-2020-summary.pdf Climate Financial Risk Forum Guide - Summary - June 2020] | *[https://www.fca.org.uk/publication/corporate/climate-financial-risk-forum-guide-2020-summary.pdf Climate Financial Risk Forum Guide - Summary - June 2020] | ||
*[https://www.fca.org.uk/cfrf All Climate Financial Risk Forum Guides] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Compliance_and_audit]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Compliance_and_audit]] | [[Category:Compliance_and_audit]] | ||
[[Category:Identify_and_assess_risks]] | [[Category:Identify_and_assess_risks]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:The_business_context]] | ||
Revision as of 19:07, 31 October 2024
Risk management - climate change - financial risks - regulation - UK.
(CFRF).
The CFRF is established to build capacity and share best practice across financial regulators and industry, to advance the sector’s responses to the financial risks from climate change.
It is chaired jointly by the UK's Financial Conduct Authority and Prudential Regulation Authority.
- Short-term climate financial risk scenarios
- "The purpose for measuring the impact of climate risk and the time horizon will vary across the financial sector...
- Insurers may choose to focus on measuring the impact of climate change on the claims and premium volumes that drive the profits and losses in their books.
- Banks may need to assess how climate change is to be factored in their measure of risk-weighted asset ratios to inform their capital reallocation processes.
- Asset managers may seek to adjust their sectoral asset allocations for a given portfolio considering climate-related risk, to stabilise their projected return profile.
- Banks, insurers, and asset managers can also assess how climate-related risk drives variations in their short-term financial earnings, asset and liability valuations, and solvency and liquidity positions."
- Climate Financial Risk Forum Guide - Resilience working group - Short-term scenarios.
See also
- Adaptation finance
- Asset manager
- Bank
- Best practice
- Capital
- Capital ratio
- Climate change
- Climate liability risk
- Climate risk
- Earnings
- Event risk
- Financial Conduct Authority
- Financial institution
- Insurer
- Investment risk
- Liquidity
- Nature-related risk
- Premium
- Prudential Regulation Authority
- Regulation
- Resilience
- Risk management
- Risk-weighted assets
- Solvency
