Climate Risk Management and CRST/CRMS

This training will teach participants about the new OJK (Otoritas Jasa Keuangan) standards for Climate Risk, which is based on Basel Climate Risk framework and other development related to it, e.g. EU Climate Risk Stress Test 2022. Due to the relatively new data framework and modern formulation of the standards/regulations compared to other risk categories (e.g. credit risk or market risk), this training is also recommended to be joined by senior management to understand the large change in the details that would require IT/ infrastructure strategy/commitments. In this 1-day training, participants will be introduced to the important building blocks and key points of the new Climate Risk Management regulations as specified by OJK.

Why should your team join this training?

1. OJK has published Climate Risk Stress Test Guidance in 2023 and Climate Risk Management and Scenario Analysis Handbooks (Book 1-6) in 2024, with first disclosures by banks will be expected in mid-2025

2. The magnitude and urgency of this topic is bigger, as this is related to banking's stress test exercise (Basel Pillar II) and, eventually, IFRS S1/S2. The presentation is already adjusted to the method that OJK presented in their CRST/CRMS framework. The Climate Risk Management implementation in Europe has been integrated to daily banking activities, down to retail levels, in which the trainer has direct knowledge and experience on Climate Risk Management implications in banking operations.

3. CRM concepts and implementation themselves are not easy and Indonesian banks are still in self-calibration process of how to fully incorporate CRM into their business plans and operations. This training will give your team guidance / road map on how to implement CRM, which will be very useful given the complexity and new terminologies (e.g. GHG, Scope 1/2/3) compared to other risk categories (e.g. credit risk or market risk)

This training will be brought by expert who has extensive (10+ years) experience in European banking sectors, with stakeholders from various levels, locations, and domains (ex: London quants, NY traders, Europe's Big 4) to give training audience perspectives from multiple dimensions within a bank.

OJK's related regulation: https://ojk.go.id/id/berita-dan-kegiatan/info-terkini/Pages/Climate-Risk-Management-and-Scenario-Analysis-CRMS.aspx

Basel's original document: https://www.bis.org/bcbs/publ/d560.htm"