An economic crisis situation has serious implications for banks, and with the recent arrival of IFRS 9/CECL, banks have to work harder to assess the .. Read more potential financial impact on their bottom-line. At the same time, the emergence of Climate Change Risks and the related regulations are creating more challenges for ERM professionals. An economic crisis situation, such as COVID-19, has serious implications for companies and financial institutions. With the arrival of IFRS 9/CECL, banks have to work even harder to assess the potential financial impact of such crises on the overall economy and their balance sheet, loan and policy portfolios, and take risk mitigation decisions accordingly. At the same time, the emergence of Climate Change Risk management and the related regulatory initiatives are creating yet another set of challenges for ERM professionals to address. The regulatory climate risk stress testing exercises are a clear example of the attention given the Climate Change topic by the leading global regulators. He helps financial institutions deal with their challenges around finance and risk regulations, enterprise risk management, risk governance, forward-looking risk analysis, stress testing, model risk management, risk modelling, as well as climate change risk management.
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