RBI's discussion paper on climate change calls for board approved climate risk management

Lenders may need to incorporate an assessment of both physical and transition risks across a range of climate-related scenarios. They may identify and simulate plausible and relevant scenarios, factor in the inter-linkages between climate-related risk and other risks and explore resilience to financial losses under a variety of scenarios.

from Banking/Finance-Industry-Economic Times https://ift.tt/gplXtOw