The revised Basel Core Principles for Effective Banking Supervision are a major step forward for the safety and sustainability of banks, equipping them to better manage all material risks, says Supervisory Board Vice-Chair Frank Elderson. In our latest Supervision Blog post, he outlines how the revisions acknowledge the relevance of: 🔹 climate change 🔹 business model sustainability 🔹 operational resilience Read the blog post to learn more https://lnkd.in/eFrwU7jd
European Central Bank’s Post
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Speechwriting and Banking Supervision at ECB - Views are personal and not necessarily those of my employer
The revised Basel Core Principles for Effective Banking Supervision are a major step forward for the safety and sustainability of banks, equipping them to better manage all material risks, says Supervisory Board Vice-Chair Frank Elderson. In our latest Supervision Blog post, he outlines how the revisions acknowledge the relevance of: 🔹 climate change 🔹 business model sustainability 🔹 operational resilience
The revised Basel Core Principles for Effective Banking Supervision are a major step forward for the safety and sustainability of banks, equipping them to better manage all material risks, says Supervisory Board Vice-Chair Frank Elderson. In our latest Supervision Blog post, he outlines how the revisions acknowledge the relevance of: 🔹 climate change 🔹 business model sustainability 🔹 operational resilience Read the blog post to learn more https://lnkd.in/eFrwU7jd
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Register now for our upcoming webinar series. Topics include: 1️⃣ EU climate related guidelines for Banks 2️⃣ IFRS9 quantitative benchmarking 3️⃣ EU expectations regarding IRRBB and CSRBB #ForvisMazars #ClimateRisk #QuantitativeFinance
💡 Forvis Mazars October webinar series - 8, 15 and 17 October 👉 Unpacking EU climate-related guidelines and expectations 👉 IFRS 9 quantitative benchmarking and analysis of capital and liquidity requirements 👉 Unpacking EU regulatory expectations for IRRBB and CSRBB Our experts Xavier Larrieu, Christophe Bonnefoy, Eric Cloutier, Szymon Turkowski, Aleksander Gorczanski, Davis Maze Maze, Corentin Garreau, Pierre-Alexandre Germont and myself will share valuable insights on these hot topics for EU banks. #ForvisMazars #QuantitativeFinance #ClimateRisk Please join us by registering here:
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The Basel Committee on Banking Supervision released a discussion paper on the use of climate scenario analysis (CSA) for managing and supervising climate-related financial risks. The Committee, which had initially set principles for these risks in June 2022, notes that varying CSA practices across banks and jurisdictions hinder uniform supervisory standards and result comparability. It seeks stakeholder feedback to potentially enhance global banking regulations and practices, aligning with ongoing efforts by the Financial Stability Board and the Network for Greening the Financial System. #BaselCommittee #ClimateRisks #ClimateScenarioAnalysis #BankingSupervision #RiskManagement #FinancialStability
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The Basel Committee on Banking Supervision's 2022 Principles promote the use of climate scenario analysis (CSA) to assess banks' resilience to climate-related risks. To enhance CSA practices, the Committee released a discussion paper on the role of climate scenario analysis in strengthening the management and supervision of climate-related financial risks. In 2023, the Committee started monitoring the implementation of these Principles, underscoring CSA's importance. However, varied methodologies and data limitations across jurisdictions remain a challenge. Read this research paper to know more about it! #Banking #RiskManagement #RiskMitigation #FinancialInstitutions
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💡 Forvis Mazars October webinar series - 8, 15 and 17 October 👉 Unpacking EU climate-related guidelines and expectations 👉 IFRS 9 quantitative benchmarking and analysis of capital and liquidity requirements 👉 Unpacking EU regulatory expectations for IRRBB and CSRBB Our experts Xavier Larrieu, Christophe Bonnefoy, Eric Cloutier, Szymon Turkowski, Aleksander Gorczanski, Davis Maze Maze, Corentin Garreau, Pierre-Alexandre Germont and myself will share valuable insights on these hot topics for EU banks. #ForvisMazars #QuantitativeFinance #ClimateRisk Please join us by registering here:
Climate, IFRS 9, IRRBB and CSRBB | Meeting the expectations of European regulators - Forvis Mazars - Ireland
forvismazars.com
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💡 Forvis Mazars October webinar series - 8, 15 and 17 October 👉 Unpacking EU climate-related guidelines and expectations 👉 IFRS 9 quantitative benchmarking and analysis of capital and liquidity requirements 👉 Unpacking EU regulatory expectations for IRRBB and CSRBB Our experts Xavier Larrieu, Christophe Bonnefoy, Eric Cloutier, Szymon Turkowski, CFA, PRM, Davis Maze Maze, Corentin Garreau, Michal Cotelnic and myself will share valuable insights on these hot topics for EU banks. #ForvisMazars #QuantitativeFinance #ClimateRisk Please join us by registering here:
Climat, IFRS 9, IRRBB et CSRBB| Répondre aux attentes des régulateurs européens - Forvis Mazars - France
forvismazars.com
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🇪🇺 The European Banking Federation (EBF) supports the Basel Committee's integration of climate-related financial risks into the Basel III framework, focusing on Pillar 3 disclosures. This endorsement underscores the banking industry's commitment to transparency and resilience, addressing climate change's financial impacts. Read more in our article: https://lnkd.in/dqPNAi9P #ClimateChange #FinancialStability #EBF #BaselIII #SustainableBanking
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"Why Banks Fail" is a comprehensive analysis of the factors contributing to the failure of banks and the subsequent impact on the global economy. The book delves into the complex interplay of regulatory, economic, and operational challenges that can lead to the downfall of financial institutions. It provides insight into the historical context of banking crises, offering a detailed examination of case studies to illustrate the various reasons behind bank failures. The authors explore the role of risk management, governance, and regulatory frameworks in safeguarding the stability of the banking sector. Furthermore, the book sheds light on the interconnectedness of global financial markets and the systemic risks posed by the failure of major banks. By dissecting the root causes of bank failures, the authors aim to foster a deeper understanding of how to mitigate the risks and prevent future crises. #BankingCrisis #FinancialRegulation #RiskManagement #EconomicImpact #GlobalFinance #BankingSector #FinancialStability #RegulatoryFrameworks #SystemicRisk #EconomicCrises
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💡 Forvis Mazars October webinar series - 8, 15 and 17 October 👉 Unpacking EU climate-related guidelines and expectations 👉 IFRS 9 quantitative benchmarking and analysis of capital and liquidity requirements 👉 Unpacking EU regulatory expectations for IRRBB and CSRBB Our experts Xavier Larrieu, Christophe Bonnefoy, Eric Cloutier, Szymon Turkowski, Aleksander Gorczanski, Davis Maze Maze, Michal Cotelnic, Pierre-Alexandre Germont and myself will share valuable insights on these hot topics for EU banks. #ForvisMazars #QuantitativeFinance #ClimateRisk Please join us by registering here:
Climate, IFRS 9, IRRBB and CSRBB | Meeting the expectations of European regulators - Forvis Mazars - Ireland
forvismazars.com
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Managing Director, Head of Sustainability & ESG, Financial Services BRS (Risk, Finance, Compliance) at Grant Thornton UK LLP
NGFS published Transition Plan Package Last week, the Network for Greening the Financial System (NGFS) published its Transition Plan Package. It has published three detailed reports on: 1. considerations for emerging markets and developing economies in tailoring transition plans; 2. how financial institutions can use real economy transition plans to inform their own climate-related risk management and facilitate transition finance; and 3. Key elements of credible transition plans and how micro-prudential authorities can assess credibility #ngfs #transitionplans #climaterisk #transitionfinance https://lnkd.in/eNKtiec2
NGFS sets out vision for prudential bank transition plans
responsible-investor.com
Real Estate / Equity / Quant Risk
8mo#resetECB♻️ #resignElderson Incorporation of politicised agendas outside the scope and mandate of unelected technocrats shows that central banking succumbed to ideologues and indoctrinated puppets like Elderson - weaponizing monetary policy in service of perverted political goals of "the Great Reset" ("you will own nothing and be happy") ➡️ A politicised currency is doomed by design and historical evidence. It will eventually fail and drag millions of ordinary citizens into huge purchasing power losses. ➡️ Chronic failure of the ECB under Lagarde to comply with the general principles of neutrality and independence already ushered in the inflationary decay of the euro: since Lagarde took office, the loss of euro's domestic purchasing power already accumulated to over 20% due to CPI #inflation🚀 alone (instead of ~8% as allowed for the same period). ➡️ Not even dystopian barrage of #social #propaganda cannot hold up the loss of credibility: "among ECB staff, almost 60 per cent of those surveyed by Ipso said they had low or no trust at all in Lagarde and the executive board, which was up from just over 40 per cent a year ago." (Financial Times)