Building a Climate-Resilent Banking Industry for Singapore

  1. Will we consider a timeline for mandatory TCFD disclosures for financial industries as well as listed companies, since voluntary regimes are typically not useful in generating comparable and usable industry wide information?
  2. Is the Minister looking at a supervisory engagement roadmap on climate change? The Bank of England’s Prudential Regulation Authority outlined in April 2019 that it is intending to embed measurement and monitoring of climate risks into its supervisory engagement.
  3. Will MAS support the banking industry with centrally-developed stress test scenarios that incorporate the views of experts and civil society?
  4. Will the Minister consider leading an ASEAN taskforce that embarks on a bottom-up modelling of business risks from climate change across our region, including the supply chain impacts across borders?

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Anthea Indira Ong

Anthea Indira Ong

A full-time human, and part-time everything else.

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