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Environmental and Social Risk Management in Nepali Banking: Policy, Implementation and Status
September 30, 2023 08:30 am
Central banks as regulators are responsible for providing support and guidance to regulate banks and financial institutions (BFIs) for the development and execution of Environmental and Social Risk Management (ESRM) guidelines. This in turn helps improve risk management practices by integrating Environmental and Social Risks. The future of sustainable banking industries depends on the ability of banks to identify and manage environment/climate and social risk.
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