Bank Negara Malaysia has issued the Methodology Paper on Climate Risk Stress Testing (CRST) on 29 February 2024. This Methodology Paper sets out the Bank’s expectations for financial institutions carrying out the industry wide 2024 CRST exercise. The CRST exercise aims to provide financial institutions with hands-on experience in quantifying climate risk, refine their existing risk management strategies and explore new stress testing approaches that are relevant for assessing climate-related risks.

Read the Climate Risk Stress Testing (CRST) Methodology Paper.