Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
Issue 1 - Jan/Feb/Mar 2022
 

Climate Risk Management and Scenario Analysis (Exposure Draft)

In late 2021, Bank Negara Malaysia ("BNM") issued an exposure draft on Climate Risk Management and Scenario Analysis ("Exposure Draft"). The Exposure Draft sought to address the challenges to financial stability posed by climate change by laying out principles and requirements that financial institutions must comply with in its management of climate-related risks.


Since the submission period for feedback to the Exposure Draft has passed, it remains to be seen whether the policy document will come into effect on 1 June 2022 as proposed. There could also be further developments to the policy document following the public feedback, although it is highly likely that the overarching principles are here to stay.


For more information, click here to read our Legal Update.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

Christopher & Lee Ong
Level 22, Axiata Tower ,
No. 9 Jalan Stesen Sentral 5
Kuala Lumpur Sentral,
50470 Kuala Lumpur, Malaysia
www.christopherleeong.com


Contacts:

Yon See Ting
Partner
D +603 2278 8311
F +603 2278 8322
see.ting.yon@christopherleeong.com

Lee Hock Chye
Managing Partner
D +603 2273 1919
F +603 2273 8310
hock.chye.lee@christopherleeong.com

Fiona Sequerah
Partner
D +603 7958 8310
F +603 7958 8311
fiona.sequerah@christopherleeong.com

Lim Wee Hann
Partner
D +65 62320606
wee.hann.lim@rajahtann.com

Yau Yee Ming
Partner
D +603 2278 8311
F +603 2273 8322
yee.ming.yau@christopherleeong.com

Kuok Yew Chen
Partner
D +603 7958 8310
F +603 7958 8311
yew.chen.kuok@christopherleeong.com

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