MAS Environmental (Climate) Risk Management Primer

INTRODUCTION

Banks are under rising regulatory and commercial pressure to protect themselves from the impact of climate change and to align with the global sustainability agenda. Banking regulators around the world, including MAS are now formalizing new rules for climate-risk management. This course aims to provide an introductory overview of the climate change regulatory agenda, as well as the regulatory and stakeholder expectations with regards to climate and environmental risk management and the impact of the environmental, sustainability, and governance (ESG) factors in the banks’ investment and lending decisions in response to the shifting attitudes towards “green” financing.

COURSE DURATION

1.5 hours

COURSE OBJECTIVES

Have a better understanding of the driving forces and shifting attitudes towards ESG
Be more aware of the impact and consequence of climate change on business
Be cognizant of the commercial imperatives for better climate-risk management, especially in a competitive environment in which banks are often judged on their green/ESG credentials
Be aware and understand the regulatory expectations of how to incorporate climate factors into capital allocations, loan approvals, portfolio monitoring, and reporting

COURSE OUTLINE

Module 1: Background – Climate Change & Impact

Greenhouse Gas (GHG) Emissions and Global Warming

Module 2: Climate-Related Risks, Opportunities & Financial Impact (Focus on Banking Sector)

Overview of Physical & Transition Risks
Financial Intermediation

Module 3: Risks Arising from Climate Change – Focus on Physical and Transition Risks

Physical Risks from Climate Change
Examples of Physical Risk Impact on Commercial and Residential Real Estate
Transition Risks from Climate Change
Other Types of Risk Arising from Climate Change

Module 4: Supervisory & Regulatory Responses to Climate Change

MAS Guidelines on Environmental Risk Management for Banks, Insurers and Asset Managers (FIs)
What These Guidelines Mean for Your Business
What then are these Key Environmental Risks?
How then should FIs Manage these Risks?
Overview of the Key Pillars of the Guidelines
Scope of the Guidelines
Enforcement of Guidelines
Implications of Guidelines

Assessment

IBF-FTS Funding

The Financial Training Scheme (“FTS”) provides funding for financial sector-specific training programmes which are recognized under FTS. This scheme is only eligible for company-sponsored participants who are Singapore Citizens or Singapore Permanent Residents, physically based in Singapore, and who have successfully completed a FTS programme. Financial Institutions (MAS licensed or exempt entities), involved in or supporting financial sector activities, are eligible to submit claims for company-sponsored participants.

IBF and MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%.

For more information, please refer to IBF website.

Terms and Conditions

1) You will receive the enrollment email within 2 business days after the payment verification. Payment verification will take 1-2 business days to verify upon successful registration. If you are new to Salmon Thrust online learning system, you will receive an additional invitation email to create your online account.

2) Access to the e-training materials is valid till:

30th June (date inclusive) if you sign up between 1st January and 30th June 2022
31st December (date inclusive) if you sign up between 1st July and 31st December 2022

3) This e-training programme takes approximately 1.5 hours to complete.

4) In order to qualify for Continuing Education credits from SGX, please complete all quiz questions found at the end of each tutorial (a 70% pass rate is required) by:

30th June (date inclusive) if you sign up between 1st January and 30th June 2022
31st December (date inclusive) if you sign up between 1st July and 31st December 2022

5) If participants wish to make any changes to their application or request for a refund, written notice should be given within 10 business days of receiving the access ID and password to the online programme and provided the access has not been utilised. There will be an administrative fee of 20% of the fees paid. There will be no changes or refund if notice is given thereafter or if the access has been utilised.

6) It is recommended to login the web browser via a personal computer.

7) For assistance please contact e-training@sgxacademy.com or call 6011-1536.
(Operating Hours: 9.00am to 5.00pm)

This course is recommended for Trading Representatives and Professionals who need to meet their Continuing Education Credit.

SGX reserves the right to make changes to information regarding the programme if warranted by circumstances beyond its control.

Disclaimer:

By completing this registration form and providing your personal data, you agree and authorise Singapore Exchange Limited and its affiliates (collectively, “SGX”) to provide your personal data to Salmon Thrust Pte Ltd for the purposes of conducting and managing this e-course. In addition, by registering for and participating in the e-course, you acknowledge and agree to the following terms: You acknowledge and agree that this e-course is offered by Salmon Thrust Pte Ltd and conducted on a website/platform that is not owned, controlled and/or operated by SGX. SGX shall not be responsible for the consequences of your accessing such website/platform and/or the content at website/platform. SGX makes no guarantee, representation or warranty as to, and shall have no liability for, any content of such website/platform. Such website/platform linked to the SGX website does not constitute (a) an endorsement, authorisation, verification or representation that we are affiliated with the operators or owners of such website/platform; or (b) an endorsement, authorisation, verification, or representation of or as to the contents of website/platform. You agree that your access to and/or use of such website/platform is entirely at your own risk and subject to the terms and conditions of access and/or use contained therein (including Salmon Thrust Pte Ltd’s privacy and data processing policies and practices). SGX shall not be responsible or liable for any loss, damages and/or costs arising from or in connection with your registration and/or participation in the e-course and/or your access to such website/platform. The General Terms of Use of the SGX website shall apply and be incorporated herein.