ASEAN central banks signal possible policy priorities to address climate-related risks in the financial system

The rising impact of climate-related disasters on a larger number of people will be an accelerant for the Inevitable Policy ResponseFinancial institutions operating within the ASEAN region should consider the impact of policy options that ASEAN central banks shared in a new Task Force reportThese policy considerations should be integrated into their climate scenario analysis & planning in order to create better outcomes

Climate- and weather-related disasters have increased in number over the past half-century and the pace has accelerated over the past 30 years. The IFRC World Disaster Report 2020 has highlighted some key statistics and called for a more equitable response focused on the most vulnerable. From a humanitarian perspective, there is a strong case for both clima...