Financial Supervisory Service-ADB Hold Online Seminar on Climate Risk Response Measures

About 100 Financial Supervisory Officials from 10 Countries Including Asia Region Expected to Participate

[Asia Economy Reporter Park Sun-mi] On the 25th, the Financial Supervisory Service (FSS) will jointly hold an online seminar with the Asian Development Bank (ADB) on measures to respond to climate risks in the financial sector.

According to the FSS on the 24th, this seminar is part of the APEC Financial Regulators Training Initiative (FRTI) conducted annually by the FSS and ADB, with over 100 employees from financial supervisory institutions in 10 countries, including the Asia region, expected to participate.

The seminar will be conducted in three sessions consisting of presentations and Q&A. The presentation topics for each session are ▲ The introduction and development direction of climate finance in ASEAN ▲ Measures to respond to climate risks by Korean financial authorities ▲ Measures to respond to climate risks in the insurance industry. During the Q&A session following the presentations, participants will exchange opinions on specific implementation plans that can be applied to each country's climate risk response measures.

An FSS official stated, "Through this seminar, we expect to raise awareness of climate change among financial supervisory authorities in the Asia-Pacific region, increase participation in international climate change discussions, and create an opportunity to strengthen cooperation with various financial supervisory authorities on climate finance in the future." The official added, "Additionally, we plan to share the seminar content with financial companies interested in this seminar to promote awareness and expand the base of climate finance domestically."

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