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Egypt's central bank trains COMESA banks on climate risk stress testing
Original: CBE trains COMESA central banks on climate risk stress testing
The Central Bank of Egypt (CBE) has run training for central banks across the COMESA regional bloc on climate risk stress testing, according to Daily News Egypt. The programme is designed to help regional regulators assess how climate-related shocks could affect financial systems. The initiative reflects growing attention among African banking supervisors to the financial stability implications of climate change.
Why now: Central banks across the COMESA region are moving to build capacity on climate-related financial risk at a time when the issue is climbing regulatory agendas.
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Evidence
- CBE trains COMESA central banks on climate risk stress testing · Daily News Egypt
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