Strengthening Financial Sector Resilience to Environmental Risks

Project Viridis: Blueprint for a climate risk platform for financial authorities

12 June 2024

The Bank for International Settlements (BIS) Innovation Hub and MAS developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system. By laying out key features and metrics required for climate risk assessment, the blueprint is a step towards better integrating climate risk analysis into financial stability surveillance.