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240607 ||| eng |
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|a 9798400248955
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|a Iceland
|b Financial Sector Assessment Program-Technical Note on Management and Supervision of Climate-Related Financial Risks in the Banking Sector
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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|a 60 pages
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651 |
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4 |
|a Iceland
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653 |
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|a Banks
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653 |
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|a Finance
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653 |
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|a Environmental Economics
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653 |
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|a Banks and banking
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653 |
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|a Climate
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653 |
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|a Climate change
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653 |
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|a Exports and Imports
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653 |
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|a Mortgages
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653 |
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|a International organization
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653 |
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|a International institutions
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653 |
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|a Global Warming
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653 |
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|a Capital and Ownership Structure
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653 |
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|a Credit risk
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653 |
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|a Financial risk management
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653 |
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|a Goodwill
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653 |
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|a International Economics
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653 |
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|a Banking
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653 |
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|a Financial Risk and Risk Management
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653 |
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|a Financing Policy
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653 |
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|a International Agreements and Observance
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|a Climatic changes
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|a International finance
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653 |
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|a Depository Institutions
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|a Commercial banks
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|a International Organizations
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|a Natural Disasters and Their Management
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653 |
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|a Monetary economics
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653 |
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|a Financial institutions
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653 |
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|a Environment
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653 |
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|a Value of Firms
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|a General Financial Markets: Government Policy and Regulation
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653 |
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|a International agencies
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|a Micro Finance Institutions
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653 |
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|a Long-term Capital Movements
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653 |
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|a External position
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|a External balance assessment (EBA)
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653 |
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|a International economics
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653 |
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|a Banks and Banking
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653 |
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|a Financial regulation and supervision
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653 |
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|a Financial services industry
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|a Monetary policy
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653 |
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|a Monetary Policy
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653 |
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|a Money and Monetary Policy
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653 |
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|a Financial services law & regulation
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653 |
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|a Finance: General
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653 |
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|a International Investment
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|a International Monetary Fund
|b Monetary and Capital Markets Department
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Staff Country Reports
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|a 10.5089/9798400248955.002
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|u https://elibrary.imf.org/view/journals/002/2023/278/002.2023.issue-278-en.xml?cid=537023-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This technical note on Iceland presents analyses management and supervision of climate-related financial risks in the banking sector. The Icelandic authorities are committed to addressing climate change issues and reaching ambitious objectives to reduce greenhouse gas emissions. Domestic coordination with the Central Bank of Iceland (CBI) should be enhanced to support adequate consideration of climate-related financial risks within the financial sector. CBI should as soon as possible address the data quality and availability issues on climate-related financial risks. CBI has started to incorporate climate-related financial risks within the macroprudential surveillance and supervisory processes. The intensity and thoroughness of systematic supervision of climate-related financial risks within the banking sector should be gradually increased. In addition, banks should fully incorporate climate-related financial risks into their risk management frameworks in addition to their commendable efforts toward transparency. Finally, CBI should determine whether banks’ capital and liquidity buffers are adequate to cover climate-related financial risks
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