Malaysia to require banks to report exposure to climate risks | Malay Mail

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KUALA LUMPUR, Sept 25 — Malaysia’s central bank governor said financial institutions will be required to report their exposure to climate risks and the information it gathers could be used to set regulatory standards in South-east Asia’s third biggest economy. Bank governor Datuk Nor Shamsiah...

Smouldering peatland is pictured in Kampar, Riau province, September 17, 2019. — AFP pic

“It presents a major economic issue with direct implications on financial stability,” she said at a regional conference on climate change in the Malaysian capital Kuala Lumpur. “This framework aims to support informed decisions and analysis of exposures to climate risk in fund raising, lending and investment activities,” Nor Shamsiah said.

The governor did not describe the institutions but said the financial ecosystem included banks, insurers, venture capital and private equity firms.

 

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