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Climate-related financial risks: SBP issues regulatory framework
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Climate-related financial risks: SBP issues regulatory framework
KARACHI: The State Bank of Pakistan (SBP) has issued a new regulatory framework for the effective management of climate-related financial risks, citing the country’s high vulnerability to climate change and the growing exposure of the financial sector to climate-related shocks. Pakistan is among the most climate-vulnerable countries in the world, making its banks and other financial institutions increasingly exposed to physical risks such as flo…
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