MAS Environmental (Climate) Risk Management Primer
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.
- 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
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
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.
For all FTS programmes commencing on or after 8 April 2020 to 31 December 2021, MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90% co-funding of direct training costs, subject to existing grant caps of S$2,000 per programme.
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 to the end of the calendar year.
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 31 December 2021.
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 firstname.lastname@example.org or call 6670-6808.
(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.