Assess risks affecting client creditworthiness

Aufsichtserwartung

More specifically, the first line of defence is expected to identify, assess and monitor any climate-related and environmental risks relevant for the creditworthiness and the scoring/rating of a client, as well as to conduct proper due diligence on climate-related and environmental risks in line with Expectation 7.4.

Adressat: The first line of defence

Fundstelle: Expectation 7.4

Quelldokument

• Guide on climate-related and environmental risks - Supervisory expectations relating to risk management and disclosure (November 2020)