Session 1:  Background

•  Subject matter
• Goals of guidance
• Definitions
• Timetable
• Introduction to principles

 Session 2: The Principles

• Nature of exposure
• Physical and transition risks
• Management of climate-related financial risks

Session 3:  Corporate Governance

•  The principle
• Business strategy
• Changes to the economy
• Board involvement
• Risk management framework
• What are firms doing?
• Goals and objectives

Session 4:  Assignment of Responsibility

•  The Principle
• Committees
• Skills & experience
• Education & training
• Roles & responsibilities
• What is the approach being taken?

Session 5: Policies, Procedures and Controls

• The principle on policy and procedures
• The principle relating to the internal control framework
• Roles of the 3 lines
• What needs to change?

Session 6: Capital and Capital Adequacy

• The Principle
• Evaluating solvency impacts
• The capital planning horizon
• Evaluating the impact on net cash outflows
• Considering liquidity buffers
• Stress testing and capital planning
• What are firms doing now?

Session 7: Risk Management Process

• The Principle
• Risk appetite framework
• Assessment of climate risks
• Risk mitigation
• Horizon scanning
• Transmission channels
• What needs to change?

Session 8: Management Monitoring and Reporting

• The principle
• Risk data aggregation
• Data requirements
• Timely reporting
• Developing qualitative and quantitative metrics and indicators
• Limitations & disclosure
• Current disclosure and best practice

Session 9: Comprehensive Management of Credit Risk

• The Principle
• Policies and Procedures
• Measurement and evaluation
• Monitoring & reporting
• Risk mitigation
• The impact on underwriting
• What needs to change?

Session 10: Comprehensive Management of Market. Liquidity, Operational and Other Risks

• The Principle
• Impact on financial instruments
• Portfolio volatility
• Sudden shock scenarios
• Impact on hedges
• What work needs to be conducted?

Session 11: Scenario Analysis

• The Principle
• Business model resilience
• Objectives of analysis
• Physical and transition risks
• Time horizons

Session 12: Supervisory Expectations

• The principles
• Key considerations

Session 13:  The Climate Risk Project

• What are the key elements of the project?
• Who needs to be involved?
• What are the key priorities?

Session 14: Discussion, Q&A and (Optional) Assessment

By the conclusion of this session delegated will have gained an insight into the new requirements of the principles for the effective management of climate-related risks.  Specifically, they will have addressed:

• Nature of exposures
• Physical and transition risks
• Corporate governance
• Policies and procedures
• Capital and liquidity adequacy
• Risk management
• Credit risk
• Scenario analysis

Throughout the course the new requirements will be considered and examples reviewed of actions that have been taken by banks in practice.  Practical solutions will be reviewed and the impact on the business considered.

All delegates who complete the course will receive a Certificate in The Innovative Chief Risk Officer, and for those who require a demonstration of  training to this competency a 20-question/multiple-choice answer, remotely invigilated, with results report and a resit is available at no additional cost when request at time of booking.

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)