AFB Seminar: Climate Financial Risk – UK Regulatory and Supervisory Reporting Expectations for Non-UK Banks

Since the implementation deadline of SS3/19 at the end of 2021, the PRA’s expectations of non-UK banks’ capabilities and integration of climate risks into the wider business have evolved. This includes developing the capability to perform quantitative climate scenario analysis on the financial impact of a bank’s portfolio; the calculation of banks’ portfolio carbon footprint; and the integration of the outcomes into banks’ strategy. 

AFB will partner with PwC for an in-person seminar that will provide an overview of the current UK regulatory and supervisory expectations on climate risk reporting, and the expected upcoming changes in the near future.  The seminar will also look at the changing expectations for ESG reporting generally.

Why attend?

This seminar will outline the key challenges typically faced by non-UK banks in managing regulatory requirements (both in the UK and internationally) and supervisory expectations for climate financial risk reporting and ESG generally. The seminar will also consider the developing expectations in the UK from other stakeholders (e.g. external auditors or shareholders).

Speakers from PwC will discuss the following areas:

• How the potential introduction of ISSB to supersede TCFD into UK law will impact the reporting requirements of non-UK banks
• What practical actions peer banking institutions are taking to comply with transition planning requirements
• How the capability roadmap can look like for non-UK banks, and how this can create synergies with regulatory expectations abroad

Who should attend?

This seminar is aimed at Risk, Compliance, Finance and Business teams.

Speakers

Stewart Cummins – Partner

Vinay Sewraz – Director

Bogdan Mandruti – Director

Tom Van der Vorst – Associate Director

Logistics

Fee:        Included in AFB membership (no fee)

Venue:    PwC, 7 More London Riverside, London, SE1 2RT

Date:        Wednesday 8 January 2025

Time:       16:00 – 17:15 (arrivals and refreshments from 15:30)

If you would like to submit a question or have any specific areas that you would like the session to address, please send them to AFB at secretariat@foreignbanks.org.uk  You will receive details on how to join this session a week before the event.