Reserve Bank of New Zealand
NZBA recognises why the RBNZ considers guidance necessary and welcomes the assistance that guidance will provide about the expected risk management requirements in this area. It is important to recognise that climate risk management is a new and complex topic that is quickly evolving. NZBA welcomes guidance around the RBNZ’s expectations, and highlights the importance of that guidance being able to evolve through regular reviews alongside enhanced views on climate risk data, modelling and risk management.