Summary
The two papers focus on OSFI’s expectations for climate risk management.
The OSFI Standardized Climate Scenario Exercise (SCSE) paper highlights the key themes of OSFI's SCSE, including an overview of the different modules and key capabilities needed. The paper also provides an overview of the innovative EY Microsoft solution, which is designed to expedite climate stress testing for financial institutions. This solution not only generates business value, but also effectively guides decarbonization strategies.
The Climate Journey paper highlights the key themes of OSFI’s Guideline B-15: Climate Risk Management, including disclosure expectations, key capabilities expected from financial institutions and market insights.