Climate change risk management in banks the next paradigm

Banks, like other businesses, endeavor to drive revenue and growth, while deftly managing the risks. Dubbed the next "frontier" in risk management for financial services, climate related risks are the newest and potentially the most challenging set of risks that banks are encountering. On...

Full description

Bibliographic Details
Main Author: Ramakrishna, Saloni P.
Format: eBook
Language:English
Published: Berlin ; Boston De Gruyter 2024, ©2024
Series:The Moorad Choudhry global banking series
Online Access:
Collection: DeGruyter MPG Collection - Collection details see MPG.ReNa
LEADER 04273nmm a2200265 u 4500
001 EB002192013
003 EBX01000000000000001329478
005 00000000000000.0
007 cr|||||||||||||||||||||
008 240110 ||| eng
020 |a 978-3-11-075795-8 
020 |a 978-3-11-075797-2 
100 1 |a Ramakrishna, Saloni P. 
245 0 0 |a Climate change risk management in banks  |h Elektronische Ressource  |b the next paradigm  |c Saloni P. Ramakrishna 
260 |a Berlin ; Boston  |b De Gruyter  |c 2024, ©2024 
300 |a XIX, 306 pages 
505 0 |a Frontmatter, Advance Praise for Climate Change Risk Management in Banks: The Next Paradigm, Acknowledgments, Preface, Design and Structure of the Book, Opening Notes, Contents. Part 1: Brief Overview of Risk Management The Big Picture Chapter 1 An Overview of Risk and Risk Management in Banks Chapter 2 The Different Flavors of Risk that Banks Work With Part 2: The What, Why and Who of Climate Change Risks Practitioner's Note - Moorad Choudhry Chapter 3 ESG and Climate Change as Relevant for Banks Chapter 4 Climate-related Financial Risks for Banks Chapter 5 Importance of Understanding and Acting on Climate Change Chapter 6 Challenges for Banks in the Climate Change Risk Management Space Chapter 7 Players of the Climate Change Risk Landscape Part 3: The "How" of Managing Climate Change Risks - Building Blocks Practitioner's Note Chapter 8 Building Blocks - The Big Picture Chapter 9 Principles for Effective Management of Climate-related Financial Risks Chapter 10 Risk Appetite Statement (RAS) Chapter 11 Climate-related Risk Data Chapter 12 Identification, Assessment and Measurement of Climate-related Financial Risks Chapter 13 Scenario Analysis and Stress Testing Chapter 14 Risk Mitigation, Control, and Monitoring Process Chapter 15 Disclosures and Reporting Requirements Chapter 16 Operating Model for Climate Change Risk Management at Banks: Some Pointers Part 4: A Glimpse into the Complex Universe of Multilayered, Interlinked Climate Change Risks Practitioner's Note Chapter 17 Interlinks - The Big Picture Chapter 18 Interlinks with Financial and Non-financial Risks of Banks Chapter 19 Capital and Climate Change Risks - the Links Part 5: Going Forward Practitioner's Note Chapter 20 Going Forward Closing Notes, Bibliography 
041 0 7 |a eng  |2 ISO 639-2 
989 |b GRUYMPG  |a DeGruyter MPG Collection 
490 0 |a The Moorad Choudhry global banking series 
028 5 0 |a 10.1515/9783110757958 
776 |z 978-3-11-075791-0 
856 4 0 |u https://www.degruyter.com/document/doi/10.1515/9783110757958  |x Verlag  |3 Volltext 
084 |a 330 
520 3 |a Banks, like other businesses, endeavor to drive revenue and growth, while deftly managing the risks. Dubbed the next "frontier" in risk management for financial services, climate related risks are the newest and potentially the most challenging set of risks that banks are encountering. On the one hand, banks must show their commitment to becoming net zero and, on the other, help their customers transition to more sustainable operations, all this while managing climate-related financial risks. It is a paradigm shift from how the banking industry has traditionally managed risks as climate change risks are complex. They are multilayered, multidimensional with uncertain climate pathways that impact real economy which in turn influences the financial ecosystem in myriad ways. Climate Change Risk Management in Banks weaves the complete lifecycle of climate risk management from strategy to disclosures, a must-read for academics, banking professionals and other stakeholders interested in understanding and managing climate change risk. It provides much-needed insights, enabling organizations to respond well to these new risks, protect their businesses, mitigate losses and enhance brand value. Saloni Ramakrishna, an acknowledged financial industry practitioner, argues that given the uncertain and volatile climate paths, complex geopolitical patterns, and sustainability challenges, banks and business professionals will benefit from a wholistic approach to managing climate change risks. The book provides a blueprint and a cohesive framework for embracing and maintaining such an approach, in a simple and structured format.