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Showing 1 - 10 of 12 results for "CVA"

APRA publishes results of banking climate vulnerability assessment

RACHEL ALEMBAKIS  |  THURSDAY, 1 DEC 2022  |  NEWS
... Australian Prudential Regulation Authority (APRA) has published the findings of its first Climate Vulnerability Assessment (CVA) of Australia's five largest banks and signaled that the insurance industry is likely to be the next regulated sector ...

Regulatory roundup on key sustainability developments

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
... so that you can all get on with the job with sensible analytics and capital deployment." APRA to release results of banking CVA The climate vulnerability assessment (CVA) that APRA conducted with Australia's five largest banks is likely to be expanded ...

APRA flags extension of climate vulnerability asssessment to super, insurance

RACHEL ALEMBAKIS  |  THURSDAY, 3 NOV 2022  |  NEWS
The climate vulnerability assessment (CVA) that APRA conducted with Australia's five largest banks is likely to be expanded to other industries overseen by the prudential regulator, including super funds and insurers, according to deputy chair Helen ...

APRA chair highlights challenges of climate risk assessment

RACHEL ALEMBAKIS  |  THURSDAY, 8 SEP 2022  |  NEWS
APRA chair Wayne Byres flagged that the results of the climate vulnerability assessment (CVA) of the country's five largest banks are expected to be released "in a month or two." Byres highlighted that climate change is a disruptive risk in a speech ...

RBA warns of climate-related liability risk for business

RACHEL ALEMBAKIS  |  THURSDAY, 25 AUG 2022  |  NEWS
... priority areas for the participants - APRA, ASIC, the RBA and Treasury - to focus on - the Climate Vulnerability Assessment (CVA) conducted by APRA on banks, increased disclosures and taxonomies and sustainable finance. "Having a taxonomy that is well-developed ...

APRA to survey all regulated entities on climate vulnerability

RACHEL ALEMBAKIS  |  THURSDAY, 3 MAR 2022  |  NEWS
The Australian Prudential Regulation Authority (APRA) is sending a voluntary climate vulnerability assessment (CVA) survey to all regulated entities to see how their practices align with APRA guidance on managing financial risks of climate change. While ...

Accountants to play central role in ESG developments: CPA Australia

RACHEL ALEMBAKIS  |  WEDNESDAY, 12 JAN 2022  |  NEWS
... leadership role in responding to climate change," Rennie said. APRA began a bottom-up supervisory climate vulnerability assessment (CVA) exercise in 2021, with the cooperation of the five largest Australian banks. APRA said it plans to publish the results ...

RBA, APRA outline COP26 commitments

RACHEL ALEMBAKIS  |  FRIDAY, 5 NOV 2021  |  NEWS
... institutions to address climate change risks. APRA pointed to the bottom-up supervisory climate vulnerability assessment (CVA) exercise that is being conducted with the cooperation of the five largest Australian banks. APRA said it plans to publish the ...

Climate change "a first-order risk": RBA

RACHEL ALEMBAKIS  |  THURSDAY, 14 OCT 2021  |  NEWS
... the sheer availability of data to appropriately assess climate risks." Debelle cited the Climate Vulnerability Assessment (CVA) currently being undertaken by APRA with the voluntary participation of the five largest Australian banks. "Our expectation ...

Banks face multi-billion risks from climate change: Accenture

RACHEL ALEMBAKIS  |  THURSDAY, 22 JUL 2021  |  NEWS
... risk. APRA is working in partnership with the country's five largest banks to design a climate vulnerability assessment (CVA) which will assess not only their potential exposures to climate risk, but wider vulnerabilities in the financial system ...
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