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Virtual Seminar: How to Incorporate Climate Change in the ICAAP / ILAAP

Do you know how to capture climate change risks within the ICAAP / ILAAP processes?

The AFB is delighted to partner with BDO LLP who will draw upon their extensive market-place experience in prudential and ESG risks in a session specifically designed for foreign bank members. Experts from BDO will share their understanding of the key challenges and current industry practices when adding climate risk measurements to capital and liquidity reporting.

The easiest way to book your place is through the AFB’s automated events booking system on the website. Please note your username is your bank e-mail address and if you cannot recall your password, or have not yet set one up, you can click the ‘Recover you login details’ option on the login page and follow the instructions.

Why attend?

This will be an interactive session, where participants are encouraged to share thoughts and perspectives on different challenges facing their banks in relation to the incorporation of climate risks in their ICAAP and ILAAP processes.

  •        BDO will discuss the current regulatory requirements in respect of climate change, sharing their view on the status of embeddedness of climate risk within the wider prudential risk management framework.
  •        The team will also explore the common challenges encountered when introducing climate riskswithin the ICAAP and ILAAP calculations, as well as scenario analysis and stress-testing.

What will participants implement Back@Bank after this session?

  •          Participants will gain a good understanding of common industry practice and the PRA’s expectations in relation to the incorporation of climate change in the ICAAP / ILAAP processes.

Who should attend?

This seminar is aimed at INEDs/ Senior Managers, Finance and Risk professionals involved in climate change looking to understand more about the challenges faced by banks in this area.

 

Speakers

Richard Weighell, Partner – Richard is a partner in the Financial Services Advisory practice who leads our ESG work. He is a risk and regulatory specialist focused on working with banks, payment services, consumer credit and asset managers in advisory, assurance and internal audit roles.

His work includes advising Boards and senior management on matters of governance, risk, control and regulation and has included supporting of clients on major changes to meet new regulatory and business requirements. He also has experience of reviewing similar projects to identify lessons learned.  Since 2014 Richard has also led BDO’s environmental assurance work, including measuring and reporting greenhouse gas emissions and development and review of strategies for the reduction of emissions within a range of industries including providing accreditation checks for ALBERT, the standard for environmental sustainability in television and film production. He is currently working with a range of Financial Services clients in meeting UK climate risk requirements in response to the CFRF guidance.

Dora Grant, Senior Manager – Dora is a Senior Manager in the Prudential and ESG Teams of BDO’s Financial Services Advisory practice. She focuses on leading and delivering risk management, ESG and prudential services to banks, building societies and investment Firms.Her areas of expertise include: risk management framework; operational resilience; ESG and climate change; credit risk; operational risk; regulatory reporting; prudential risk (ICAAP, ILAAP, WDP, RP); and, governance, SMCR and Board effectiveness.

Dora has nearly 18 years of experience in risk management. Prior to joining BDO, Dora’s roles included serving as Chief Risk Officer (SMF4) for 3 challenger banks and as Head of Governance for a large insurer.

Logistics

The easiest way to book your place is through the AFB’s automated events booking system on the website. Please note your username is your bank e-mail address and if you cannot recall your password, or have not yet set one up, you can click the ‘Recover you login details’ option on the login page and follow the instructions.

This event will be recorded.

Format:                Virtual Seminar (Platform: Zoom)

Cost:                    Inclusive

Date:                     Tuesday, 8 February 2021

Time:                     09:00 – 10:00

 

There will be ample opportunity for questions throughout the session, however, if you would like to submit a question before or have any specific questions or areas that you would like the virtual session to address, please send them to the AFB at secretariat@foreignbanks.org.uk as soon as practicable. You will receive details on how to join the virtual session a few days before the event.