{"id":52418,"date":"2024-03-27T00:00:00","date_gmt":"2024-03-27T00:00:00","guid":{"rendered":"http:\/\/myanmarnewswire.com\/?guid=17df365223be3cc4775797f685bce11b"},"modified":"2024-03-27T00:00:00","modified_gmt":"2024-03-27T00:00:00","slug":"bok-regulator-to-conduct-climate-stress-test-on-financial-firms","status":"publish","type":"post","link":"https:\/\/myanmarnewswire.com\/bok-regulator-to-conduct-climate-stress-test-on-financial-firms\/","title":{"rendered":"BOK, regulator to conduct climate stress test on financial firms"},"content":{"rendered":"
\n SEOUL, The Bank of Korea (BOK) said Wednesday it plans to conduct a climate stress test on financial institutions, including banks and insurers, to prepare for impacts from climate risks on the sector.<\/p>\n
According to the central bank, the Financial Supervisory Service and 15 financial institutions, including eight insurers, will join the project.<\/p>\n
The climate stress test will help the financial sector better deal with potential impacts from climate risks on their operations and businesses.<\/p>\n
Details will be unveiled later this year, with the climate scenario to be mapped out for financial institutions in the future, the central bank said.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
SEOUL, The Bank of Korea (BOK) said Wednesday it plans to conduct a climate stress test on financial institutions, including banks and insurers, to prepare for impacts from climate risks on the sector.<\/p>\n
According to the central bank, the Financial Su…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\n