Climate Risk Policy Document

Climate Risk Policy Document: How It Affects The Financial Industry

This training introduces participants to Bank Negara Malaysia’s Climate Risk Policy Document and the practical steps in following its requirements.

15 & 16 May 2024
9.00 a.m. - 5.00 p.m.

Method: In-Person Training
CPD Hours: 14
Registration Closing Date:
10 May 2024

About the trainer:

Azman Ismail

Azman Ismail graduated from the University of London in the field of Mathematics with Operational Research and has been in the financial services industry since 1985. He has provided consultancy and shariah advisory services in Malaysia, Singapore, Indonesia, Saudi Arabia, Qatar, Brunei, Iran and the Philippines and presented papers in Kuala Lumpur, Manama, New York, Tokyo, Brunei, Singapore, Cairo, London, Milan, Taipei, Taroudant and Abu Dhabi. He was an external lecturer for the Master in Islamic Banking and Finance (MIBF) program at the Institute of Islamic Banking and Finance (IIiBF), International Islamic University Malaysia (IIUM).

He was also a Course Consultant and Member, Board of Studies at the Institute. He has also written, translated, edited and reviewed 13 books (15 volumes), all relating to shariah applications in contemporary finance. He is a shariah advisor to several institutions in Malaysia and Singapore.

Recommended for

All those involved in all aspects of risks management including accountants, actuaries, risk managers, sustainability managers as well as lawyers, researchers and lecturers.

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MII Member Registration

Non Member Registration

Course Outline

Day 1: Background to Managing Climate Risk

Climate Risk Management Defined

Scope of Climate Risk Management

The Kyoto Protocol

The Paris Agreement

COP 21

Response of the Basel Committee on Banking Supervision

Banking Imperatives For Managing Climate Risk

Day 1: BNM’s Policy Document on Climate Risk

General Requirements and Guidance

Requirements Relating to Climate Risks

Requirements Relating to Risk Appetite and Management

Understanding the Climate Risk Management Cycle

Effect of Climate Related Risks to Existing Risks

Additional Guidelines By BNM

Day 2: Preparing for Meeting Requirements of BNM’s Policy Document on Climate Risk

Consideration of Recommendations by Global Standard Setters

Consideration of Proportionate Manner and Materiality of Own Bank’s Climate-Related Risks

Enhancing Internal Capabilities

Challenges to Quantify Climate-Related Risks and Proposed Solutions

Day 2: Quantifying Climate Risks

Value at Risk

Vulnerable Elements

Climate Risk Modelling

Pricing climate risk effectively (including for Islamic banking)

Excel Sample of Quantifying Risks (Free)

Course Objective

Fee's Structure

MII MEMBER	NON MEMBER
Single: RM 1,080 \| USD250 Register before 2 May 2024	Single: RM 1,180 \| USD272

MII MEMBER	NON MEMBER
Single: RM 1,180 \| USD272 Group of 3: RM 1,030 \| USD240	Single: RM 1,280 \| USD300 Group of 3: RM 1,080 \| USD250

HRD Claim Application

Malaysian Insurance Institute (MII) courses have been granted the status of Approved Training Programme (ATP) under the Human Resources Development Act 1992. Based on Training Providers Circular No. 3/2021, PSMB has imposed a requirement that training providers need to register their training programme under the HRD Corp Claimable Course Scheme to offer training to the employers who are registered under the Human Resource Development Corporation (HRD Corp).

1. What is HRD Corp Claimable Courses?

HRD Corp Claimable Courses formerly known as SBL Khas is a scheme to assist registered employers, especially those with limited resources to train and upskill their employees in line with their operational and business requirements. Under this scheme, HRD Corp will pay the course fee (subjected to 4% service fee from 1 April 2021) directly to the training providers by deducting the amount from the employers’ levy account. HRD Corp will also pay other claimable allowances to the employer.

2. How are Training Providers or Employers to submit for HRD Corp Claimable Courses?

Malaysian Insurance Institute (MII) will submit their Courses registration via the HRDC e-Tris system. Once course is approved as Claimable Course (previously known as SBL Khas course), the approved course will appear in the HRDC e-Tris system.

Employers will need to access the e-Tris system to select the course and submit to HRDC for grant approval. The total claimable amount is subject to the approval of each Employer individual grant application, Once HRDC approves Employer grant, the company must provide the approved grant code to Malaysian Insurance Institute (MII).

After the training is conducted, Employers are required to complete HRDC Attendance Reports eg. JD14 and submit necessary documents to ensure HRDC settlement of Malaysian Insurance Institute (MII) invoice.

Malaysian Insurance Institute (MII) will submit the invoice directly to HRDC with the approved grant code for each participant or Employer.

3. How to submit the grant application?

Please click on link for information on training grants application:

https://hrdcorp.gov.my/employer-guidelines/

4. What are the supporting documents required?

Please click on link for information on training grants application:

https://hrdcorp.gov.my/skim-bantuan-latihan-khas-sbl-khas-2/

Important Notice

Effective 1st August 2019, training programmes must commence within six (6) months from the date of training grant applications are made and training claim submissions must be made not more than six (6) months from the date the training programmes are completed.
Application must be submitted by employers before training date commencement

Please click on the following link for more information on training claims application - https://hrdcorp.gov.my/employer-guidelines/

For more information and updates on HRDC, please refer to its official webpage at www.hrdcorp.gov.my. Should you have any problem in accessing your e-Tris account, kindly forward the issue to HRDC IT Help Desk at ithelpdesk@hrdcorp.gov.my