Preparing for New Climate Disclosure Guideline - B-15
Summary
Host Matthew Ayers interviews Katerina Kidney of EY on OSFI’s B-15 climate risk guidelines for Canadian financial institutions. They discuss the phased compliance journey, embedding climate risk into existing frameworks, and challenges like data maturity. The episode highlights EY’s stress testing solutions and advises firms to conduct gap assessments and define roles to meet disclosure deadlines.
Topics discussed
Introduction to RegTech Roundup and OSFI B15 context
Overview of OSFI B15 guidelines and compliance timelines
Embedding climate risk into existing business processes
Phased approach to compliance and data maturity challenges
Solutions for scenario analysis and stress testing
Impact on Canadian economy and SMEs
Future regulatory landscape and IFRS standards
Immediate steps for institutions and conclusion
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