Abstract
Climate change is happening rapidly and poses a significant risk to the global economy. International organizations have issued many regulations to manage and supervise climate-related financial risk (CRFR) to ensure the financial system’s safety. This paper uses the content analysis method to evaluate the CRFR monitoring framework of the State Bank of Vietnam compared with the Basel Committee on Banking Supervision. The results show that the CRFR supervision framework in Vietnam is still under development; the regulations and guidelines are not specific and not yet in line with the international framework, such as not clearly defining the responsibilities of senior management in CRFR monitoring, not providing guidance on the implementation, evaluation, and monitoring of the results of scenario analysis and stress testing on the resilience of banks to climate change, not clearly announcing the monitoring objectives and improving the quality of supervisors, and not requiring financial institutions to disclose information related to CRFR.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
