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Press APAC Banks Report Cover v2

New APAC Banks Report !

CWR releases “Futureproofing APAC Banks & Savings: Stress test right today, avoid hard landing from rising seas“, which analyses 17 major APAC banks from Australia, Hong Kong, Japan, Singapore & South Korea with US$7.9 trillion of loan books and reveals “triple whammy” concentrated risks.
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With around US$5trn or almost two-thirds of loan books exposed to escalating SLR risks the report cautions APAC banks & central banks/regulators to stress test right today to stay afloat tomorrow especially as the IPCC has warned that 2-3m of SLR by 2100 “cannot be ruled out”.
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“Banks continue to severely under-estimate SLR risks because they are not stress testing right” said Mirando, the report’s lead author. As the report shows: all paths to staying afloat starts with stress testing right.
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As the geo-locational & sector-agnostic sea level rise (SLR) can over-ride traditional risk spread methods, the report includes: at-a-glance bank exposure factsheets; a detailed 3-Step Guide to Stress Test Right; 8-Step Checklist to Futureproof Banks; and 5 Must do’s for central banks to help steer banks away from “Systems Collapse” toward “Transformative Adaptation”.
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There’s also a “Double Blind Maximum Risk” case study on Hong Kong to showcase additional exposure if both banks and governments use the wrong scenarios and timelines to stress test and adapt for SLR risks.
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For more information on how rising seas will affect the 17 APAC banks from Commonwealth Bank of Australia and Mitsubishi UFJ Financial Group to HSBC, OCBC and KB Financial Group see the full report here.
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The press release/media pack can be found here or contact us for more.
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