A Climate Transition Risk Assessment for the Banking Sector of the Philippines
This report describes a transition risk assessment for the Philippines’ banking sector conducted by a World Bank technical team. It is intended to provide a source of reference for financial regulators and financial institutions in the Philippines that are interested in conducting climate risk assessments, following relevant high-level supervisory guidance. Our analysis suggests that while the Philippines banking sector might experience limited financial stability effects due to climate transition risk, banks with significant exposure to high-emission sectors could face heightened vulnerabilities.
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| Main Authors: | , , |
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| Format: | Report biblioteca |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2024-07-29
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| Subjects: | BANKING SYSTEM, TRANSITION, CLIMATE CHANGE, FINANCIAL STABILITY, |
| Online Access: | http://documents.worldbank.org/curated/en/099072324045016211/P17396411a1a260fb1a8af19cd93db95b36 https://hdl.handle.net/10986/41970 |
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| Summary: | This report describes a transition
risk assessment for the Philippines’ banking sector
conducted by a World Bank technical team. It is intended to
provide a source of reference for financial regulators and
financial institutions in the Philippines that are
interested in conducting climate risk assessments, following
relevant high-level supervisory guidance. Our analysis
suggests that while the Philippines banking sector might
experience limited financial stability effects due to
climate transition risk, banks with significant exposure to
high-emission sectors could face heightened vulnerabilities. |
|---|