Focus on climate continues with BCBS principles and EBA discussion paper on environmental risks
A couple of weeks ago the BCBS published their ‘Principles for the effective management and supervision of climate-related financial risks’.Read the blog from our Senior Standards Manager, John Bosnell, for a quick overview of what they recommended and to see how it compares to EBA paper on the ‘Role of environmental risks in the prudential framework’ published last month.
Join Steve Bishop, Esther Renfrew, John Bosnell and Natasha Craig for a discussion on climate and operational risk. They look at how financial institutions are approaching climate-related risks and what ORX is doing to support our members. The ORX News team then look at the top losses and data management Listen online, on Apple Podcasts or Spotify.
The reports – one for banking and one for insurance – cover the last six years’ worth of data in our operational risk loss databases (2016-2021). They explore the frequency, severity and key trends in operational risk loss events in the banking and insurance sectors.
Read our latest round-up of the biggest operational risk losses in May 2022 including Glencore to pay USD 485.6 million for commodity price benchmark manipulation scheme and Asian Pacific Bank defrauded of RUB 4.7 billion by former employee.
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