A decade back we could see on the sign boards “fully computerised branch” which now could perhaps be changed to “fully automated transaction processing branch”. We cannot, however, rest with this.
Such a holistic approach is the only way to make sure that climate-related and environmental risks are managed competently, consistently and comprehensively – which is just how regulators, supervisors and banks are used to handling any other material risk. Only then can banks preserve the solidity of their balance sheets and continue to serve their stakeholders irrespective of the macro-financial challenges that may emerge.