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SCR Q&a 22

A climate risk consultant is advising a central bank in Eastern Europe to incorporate climate-related risks into its policies due to regulatory changes. The consultant will write a summary highlighting how the Bank of England integrated climate risks by requiring banks and insurers to include material climate change-related financial risks in their capital adequacy and solvency assessments.

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mirjanazlatanovic
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162 views1 page

SCR Q&a 22

A climate risk consultant is advising a central bank in Eastern Europe to incorporate climate-related risks into its policies due to regulatory changes. The consultant will write a summary highlighting how the Bank of England integrated climate risks by requiring banks and insurers to include material climate change-related financial risks in their capital adequacy and solvency assessments.

Uploaded by

mirjanazlatanovic
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Question #42Topic 1

A climate risk consultant advises an Eastern European central bank. In response to


regulatory changes, the bank will incorporate climate-related risks into bank policies.
The consultant writes a summary on how central banks incorporated climate-related
risks into policies. The summary highlights the Bank of England (BoE) example to
demonstrate how the BoE integrated climate-related risks within the bank supervisory
scope.
Which of the following BoE practices will the consultant recommend?

 A. Integrate climate-related risks into bank monetary policy before attempting to


integrate climate into other areas of bank operations.
 B. Obligate firms to allocate responsibility for climate-related risks using a bottom-up
approach where the risk team assesses climate risks while the board of directors
approves or denies.
 C. Require banks and insurers include all material exposures relating to financial risks
from climate change under capital adequacy and solvency assessments.
 D. Adopt a policy that requires firms to submit climate risk disclosures that precisely
follow NGFS guidelines.

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Correct Answer: C

Question #43Topic 1
To improve sustainability, a railroad and transportation services company will
revitalize its rail network by installing an operating system that reduces idle time. A
reduction in idle time will decrease GHG emissions. To finance this plan, the
company will issue green bonds beginning in 2024. The company sustainability
director develops sustainability objectives and eligibility criteria to communicate to
investors.
The director is fulfilling which core component of the Green Bond Principles?

 A. Process for project evaluation and selection


 B. Reporting
 C. Management of proceeds
 D. Use of proceeds

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Correct Answer: A

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