Free Trial

Canada Bank Regulator Seeks Climate Stress Testing, Capital Review

STOCKS
  • Canada bank regulator OSFI publishes draft climate change guidelines, calls for climate scenario modelling to be incorporated into stress testing
  • Federally regulated institutions "should have processes in place to adequately price climate risk-sensitive assets and liabilities and manage these exposures"
  • Draft rules may be expanded later but for now don't appear to set new capital requirements, saying institutions "should consider its capital requirements under severe, yet plausible, climate-related scenarios, and climate-related risks that could materialize beyond the... standard capital planning horizon"
  • Banks must also make more climate disclosures, a move the federal government sought earlier
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.