Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Supervision and Disclosure of Climate-Related Risks

International Monetary Fund

No 2024/172, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents a technical note on supervision and disclosure of climate-related risks in The Netherlands. Similar to other jurisdictions, the integration of climate-related risks into supervisory processes in the Netherlands faces various challenges. Supervision has been proactive in researching exposures to climate-related risks as well as designing tools to assess how financial institutions identify, monitor and manage these risks. Supervisors have been gradually developing approaches and methodologies to support the supervisory process. Many of these initiatives and projects have been influential in the international debate on climate risk supervision. The authorities need to translate strategic measures into a concrete roadmap to ensure that the process of setting up climate risk supervision is systematic and continues at a sufficiently ambitious pace. Going forward, climate risk supervision must strengthen quantitative tools and data sets. The note provides the main recommendations to enhance the supervision of banking and insurance activities conducted in the Netherlands with a direct bearing on its financial stability.

Keywords: Rijksdienst voor Ondernemend Nederland; climate risk analysis; solvency ASSESSMENT; staff team of the International Monetary Fund; nitrogen in the Netherlands; Climate change; Natural disasters; Insurance companies; Climate finance; Global (search for similar items in EconPapers)
Pages: 38
Date: 2024-06-18
New Economics Papers: this item is included in nep-env
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