Cambodia
The Basel Committee on Banking Supervision (BCBS) considers that climate-related financial risks materialise through the traditional financial risk categories (such as credit, market and operational risks) and, therefore, can be addressed within the existing Basel Framework. In its various publications, BCBS has outlined how the existing frameworks can be adapted to address climate-related financial risks. The Basel Core Principles for Effective Banking Supervision, last revised in April 2024, require banks to effectively manage, and supervisory authorities to supervise climate-related financial risks. The Network for Greening the Financial System (NGFS) works extensively on climate and nature-related financial risks with dedicated workstreams for supervision and Scenario Design and Analysis. While several jurisdictions have implemented the disclosure standards, the BCBS framework on disclosure of climate-related financial risk is voluntary in nature. The International Sustainability Standards Board (ISSB) has issued two standards: IFRS S1- General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2-Climate-related Disclosures.
This course on “Regulation and Supervision of Climate Risk and Disclosure Standards” will cover in detail the recent work undertaken by the Basel Committee and the NGFS and highlight the best practices in implementation. Some of the key topics to be covered in the course include the following:
The course is targeted at middle-level staff of central banks in financial stability and banking supervision functions. The participants are expected to contribute actively to the discussions.
The course will be delivered by experts drawn from NGFS, euro area central banks, SEACEN Centre faculty, and SEACEN member central banks.
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