Climate Change Risk Management in Banks : The Next Paradigm / Saloni P. Ramakrishna.

Format:

Book

Author/Creator:

Ramakrishna, Saloni P., 1957- author.

Series:

Thế nào và tại sao.

The Moorad Choudhry Global Banking Series

Language:

English

Subjects (All):

Climatic changes.

Physical Description:

1 online resource (328 pages)

Edition:

First edition.

Place of Publication:

Berlin, Germany : De Gruyter, [2024]

Summary:

Banks, like other businesses, endeavor to drive revenue and growth, while deftly managing the risks. Dubbed the next "frontier" in risk management for financial services, climate related risks are the newest and potentially the most challenging set of risks that banks are encountering. On the one hand, banks must show their commitment to becoming net zero and, on the other, help their customers transition to more sustainable operations, all this while managing climate-related financial risks. It is a paradigm shift from how the banking industry has traditionally managed risks as climate change risks are complex. They are multilayered, multidimensional with uncertain climate pathways that impact real economy which in turn influences the financial ecosystem in myriad ways. Climate Change Risk Management in Banks weaves the complete lifecycle of climate risk management from strategy to disclosures, a must-read for academics, banking professionals and other stakeholders interested in understanding and managing climate change risk. It provides much-needed insights, enabling organizations to respond well to these new risks, protect their businesses, mitigate losses and enhance brand value. Saloni Ramakrishna, an acknowledged financial industry practitioner, argues that given the uncertain and volatile climate paths, complex geopolitical patterns, and sustainability challenges, banks and business professionals will benefit from a wholistic approach to managing climate change risks. The book provides a blueprint and a cohesive framework for embracing and maintaining such an approach, in a simple and structured format.

Contents:

Intro

Advance Praise for Climate Change Risk Management in Banks: The Next Paradigm

Acknowledgments

Preface

Design and Structure of the Book

Opening Notes

Contents

Part 1: Brief Overview of Risk Management

The Big Picture

Chapter 1 An Overview of Risk and Risk Management in Banks

Chapter 2 The Different Flavors of Risk that Banks Work With

Part 2: The What, Why and Who of Climate Change Risks

Practitioner's Note - Moorad Choudhry

Chapter 3 ESG and Climate Change as Relevant for Banks

Chapter 4 Climate-related Financial Risks for Banks

Chapter 5 Importance of Understanding and Acting on Climate Change

Chapter 6 Challenges for Banks in the Climate Change Risk Management Space

Chapter 7 Players of the Climate Change Risk Landscape

Part 3: The "How" of Managing Climate Change Risks - Building Blocks

Practitioner's Note

Chapter 8 Building Blocks - The Big Picture

Chapter 9 Principles for Effective Management of Climate-related Financial Risks

Chapter 10 Risk Appetite Statement (RAS)

Chapter 11 Climate-related Risk Data

Chapter 12 Identification, Assessment and Measurement of Climate-related Financial Risks

Chapter 13 Scenario Analysis and Stress Testing

Chapter 14 Risk Mitigation, Control, and Monitoring Process

Chapter 15 Disclosures and Reporting Requirements

Chapter 16 Operating Model for Climate Change Risk Management at Banks: Some Pointers

Part 4: A Glimpse into the Complex Universe of Multilayered, Interlinked Climate Change Risks

Chapter 17 Interlinks - The Big Picture

Chapter 18 Interlinks with Financial and Non-financial Risks of Banks

Chapter 19 Capital and Climate Change Risks - the Links

Part 5: Going Forward

Chapter 20 Going Forward

Closing Notes

Bibliography

List of Abbreviations.

List of Figures

List of Tables

About the Author

About the Series Editor

Index.

Notes:

Description based on print version record.

Includes bibliographical references and index.

ISBN:

9783110757958

3110757958