ESG & Investing
Taiwan’s Banks Face Mandatory Climate Stress Tests Next Year
- Tests to be held in first half of 2023, results due in June
- Taiwan could see temperatures rise by 3.4 degrees this century
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Taiwan’s banks will undergo mandatory climate-change stress tests for the first time next year to measure the impact of a range of possible environmental catastrophes on the lenders’ assets.
The content of the tests will be finalized before the end of this year, Roger Lin, deputy head of the Financial Supervisory Commission’s Banking Bureau, said in an interview Tuesday. The financial regulator plans to conduct the tests over the first half of 2023 with the the results to be published in June.