Research Article
BibTex RIS Cite

Principles of the Basel Committee for Climate-Related Financial Risks and Recommendations for the Turkish Banking Sector

Year 2023, Issue: 130, 387 - 418, 01.11.2023
https://doi.org/10.52836/sayistay.1348178

Abstract

To mitigate the negative effects of physical risks and transition risks, which are considered climate-related financial risks, on the financial soundness of the banks and the stability of the financial system, the effective management and supervision of these risks by banks and banking supervisory authority come to the fore as an important issue. This study aimed to present recommendations for the regulations and practices that should be made by the banks operating in the Turkish banking sector and the banking supervisory authority for the effective management and supervision of climate-related financial risks. In this context, the study set forth recommendations for the practices that can be implemented in the management and supervision of climate-related financial risks in the Turkish banking sector based on the “Principles for the Effective Management and Supervision of Climate-Related Financial Risk” of the Basel Committee on Banking Supervision, which sets international standards in banking supervision and regulations. Although various practices have been carried out in the Turkish banking sector for the effective management and supervision of climate-related financial risks, Turkish banks and banking supervisory authority need to carry out further practices in this area in the following period by taking into account international standards and practices.

References

  • BDDK (2018). Türk Bankacılık Sektöründe Çevresel ve Sosyal Sürdürülebilirlik Araştırma Raporu. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=124 (Erişim: 11.6.2023)
  • BDDK (2021a). Kredi Tahsis ve İzleme Süreçlerine İlişkin Rehber. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=123 (Erişim: 11.6.2023)
  • BDDK (2021b). 2022-2025 Sürdürülebilir Bankacılık Stratejik Planı. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=122 (Erişim: 11.6.2023)
  • BDDK (2022a). Yeşil Dönüşümün Finansmanı: Fırsatlar ve Zorluklar. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=126 (Erişim: 11.6.2023)
  • BDDK (2022b). Fiziksel Riskler - Örnek Analiz Çalışması. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=127 (Erişim: 11.6.2023)
  • BDDK (2022c). Avrupa Birliği Sınırda Karbon Düzenleme Mekanizmasının Bankacılık Sektörü Kredi Portföyüne Olası Etkileri - Etki Analizi Çalışması, Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=129 (Erişim: 11.6.2023)
  • BCBS (2020). Climate-related Financial Rrisks: A Survey on Current Initiatives. Basel Committee on Banking Supervision. https://www.bis.org/bcbs/publ/d502.pdf. (Erişim: 7.6.2023)
  • BCBS (2021a). Climate-related Risk Drivers and their Transmission Channels. Basel Committee on Banking Supervision. https://www. bis.org/bcbs/publ/d517.htm (Erişim: 7.6.2023)
  • BCBS (2021b). Climate-related Financial Risks – Measurement Methodologies. Basel Committee on Banking Supervision. https://www.bis.org/bcbs/publ/d518.pdf. (Erişim: 7.6.2023)
  • BCBS (2022). Principles for the Effective Management and Supervision of Climate-related Financial Risks. Basel Committee on Banking Supervision. https://www.bis.org/bcbs/publ/d532.htm. (Erişim: 7.6.2023)
  • Bateson, B. ve Dan, S. (2021). Financing a Net Zero Economy: The Consequences of Physical Climate Risk for Banks. The Ceres Accelerator for Sustainable Capital Markets.
  • Bellrose, K., Norman, D.W. ve Royters, M. (2021). Climate Change Risks to Australian Banks. Bulletin, Reserve Bank of Australia. ISSN 1837-7211, ZDB-ID 2225851-6.-2021. 20-29.
  • Brar, J. K., Kornprobst, A., Braun, W.J., Davison, M. ve Hare, W. (2021). A Case Study of the Impact of Climate Change on Agricultural Loan Credit Risk. Mathematics. 9, No.23: 3058.
  • Brunetti, C., Caramichael, J., Crosignani, M., Dennis, B., Kotta, G., Morgan, D.P., Shin, C. ve Zer, I. (2022). Climate-Related Financial Stability Risks for the United States: Methods and Applications. FEDS Working Paper No. 2022-43.
  • Carbone, S., Giuzio, M., Kapadia, S., Krämer, J.S., Nyholm, K. ve Vozian, K. (2021). The Low-Carbon Transition, Climate Commitments and Firm Credit Risk. ECB Working Paper No. 2021/2631.
  • Dafermos, Y., Nikolaidi, M. ve Galanis, G. (2018). Climate Change, Financial Stability and Monetary Policy. Ecological Economics. Volume 152, 219-234. https://doi.org/10.1016/j.ecolecon.2018.05.011
  • Gabor, D., Dafermos, Y., Nikolaidi, M., Rice, P., van Lerven, F., Kerslake, R., Pettifor, A. ve Jacobs, M. (2019). Finance and climate change: a progressive green finance strategy for the UK. Technical Report. Labour Party, London.
  • Javadi, S. ve Almasum, A. (2021). The Impact of Climate Change on the Cost of Bank Loans. Journal of Corporate Finance, 69/102019.
  • Ntarmah, A.H., Kong, Y., Cobbinah, E., Gyan, M.K. ve Manu, E.K.. (2020). Analysis of the Responsiveness of Environmental Sustainability to Non-Performing Loans in Africa. Applied Economics Journal, Kasetsart University, Faculty of Economics, Center for Applied Economic Research. 27(2), 77-109.
  • Nguyen, D.D., Ongena, S., Qi, S. ve Sila, V. (2022). Climate Change Risk and the Cost of Mortgage Credits. Review of Finance, 26-6, 1509-1549.
  • Oguntuase, O.J. (2020). Climate Change, Credit Risk and Financial Stability in R. Haron, M. M. Husin, & M. Murg (Eds.), Banking and Finance-IntechOpen.
  • Walles, R., Rutger, J. ve Folpmers, M. (2021). Climate Change Related Credit Risk: Case Study for U.S. Mortgage Loans. Deloitte Report. https://www2.deloitte.com/content/ dam/Deloitte/nl/Documents/financial-services/deloitte-nl-fsi-climaterelated-risk-full-article.pdf
  • Zhang, W.L., Chang, C.P. ve Xuan, Y. (2022). The Impacts of Climate Change on Bank Performance: What’s the Mediating Role of Natural Disasters?. Economic Change Restructuring, 55 (3), 1913-1952.

İklimle Bağlantılı Finansal Risklere İlişkin Basel Komitesi Prensipleri ve Türk Bankacılık Sektörü için Öneriler

Year 2023, Issue: 130, 387 - 418, 01.11.2023
https://doi.org/10.52836/sayistay.1348178

Abstract

İklimle bağlantılı finansal riskler olarak kabul edilen fiziksel riskler ve geçiş risklerinin bankaların mali bünyeleri ve finansal sistemin istikrarı üzerindeki olumsuz etkilerinin azaltılması amacıyla bu risklerin bankalarca ve bankacılık denetim otoritesince etkin yönetimi ve denetimi önemli bir konu olarak gündeme gelmektedir. Bu çalışmada, iklimle bağlantılı finansal risklerin etkin yönetimi ve denetimi için Türk bankacılık sektöründe faaliyet gösteren bankalarca ve bankacılık denetim otoritesince yapılması gereken düzenleme ve uygulamalara yönelik önerilerin ortaya konulması amaçlanmıştır. Bu çerçevede, bankacılık denetimi ve düzenlemeleri konularında uluslararası düzeyde standartlar belirleyen Basel Bankacılık Denetim Komitesi’nin “İklimle Bağlantılı Finansal Risklerin Etkin Yönetimi ve Denetimine Yönelik Prensipleri” esas alınarak Türk bankacılık sektöründe bu alanda yapılabilecek uygulamalara yönelik öneriler sunulmuştur. İklimle bağlantılı finansal risklerin etkin yönetimi ve denetimi için Türk bankacılık sektöründe bugüne kadar çeşitli uygulamalar gerçekleştirilmiş olmakla birlikte, Türk bankalarının ve bankacılık denetim otoritesinin uluslararası standartları ve uygulamaları dikkate alarak önümüzdeki dönemde bu alanda daha ileri düzeyde uygulamalar gerçekleştirmesi beklenmektedir.

References

  • BDDK (2018). Türk Bankacılık Sektöründe Çevresel ve Sosyal Sürdürülebilirlik Araştırma Raporu. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=124 (Erişim: 11.6.2023)
  • BDDK (2021a). Kredi Tahsis ve İzleme Süreçlerine İlişkin Rehber. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=123 (Erişim: 11.6.2023)
  • BDDK (2021b). 2022-2025 Sürdürülebilir Bankacılık Stratejik Planı. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=122 (Erişim: 11.6.2023)
  • BDDK (2022a). Yeşil Dönüşümün Finansmanı: Fırsatlar ve Zorluklar. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=126 (Erişim: 11.6.2023)
  • BDDK (2022b). Fiziksel Riskler - Örnek Analiz Çalışması. Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=127 (Erişim: 11.6.2023)
  • BDDK (2022c). Avrupa Birliği Sınırda Karbon Düzenleme Mekanizmasının Bankacılık Sektörü Kredi Portföyüne Olası Etkileri - Etki Analizi Çalışması, Bankacılık Düzenleme ve Denetleme Kurumu. https://www.bddk.org.tr/KurumHakkinda/EkGetir/18?ekId=129 (Erişim: 11.6.2023)
  • BCBS (2020). Climate-related Financial Rrisks: A Survey on Current Initiatives. Basel Committee on Banking Supervision. https://www.bis.org/bcbs/publ/d502.pdf. (Erişim: 7.6.2023)
  • BCBS (2021a). Climate-related Risk Drivers and their Transmission Channels. Basel Committee on Banking Supervision. https://www. bis.org/bcbs/publ/d517.htm (Erişim: 7.6.2023)
  • BCBS (2021b). Climate-related Financial Risks – Measurement Methodologies. Basel Committee on Banking Supervision. https://www.bis.org/bcbs/publ/d518.pdf. (Erişim: 7.6.2023)
  • BCBS (2022). Principles for the Effective Management and Supervision of Climate-related Financial Risks. Basel Committee on Banking Supervision. https://www.bis.org/bcbs/publ/d532.htm. (Erişim: 7.6.2023)
  • Bateson, B. ve Dan, S. (2021). Financing a Net Zero Economy: The Consequences of Physical Climate Risk for Banks. The Ceres Accelerator for Sustainable Capital Markets.
  • Bellrose, K., Norman, D.W. ve Royters, M. (2021). Climate Change Risks to Australian Banks. Bulletin, Reserve Bank of Australia. ISSN 1837-7211, ZDB-ID 2225851-6.-2021. 20-29.
  • Brar, J. K., Kornprobst, A., Braun, W.J., Davison, M. ve Hare, W. (2021). A Case Study of the Impact of Climate Change on Agricultural Loan Credit Risk. Mathematics. 9, No.23: 3058.
  • Brunetti, C., Caramichael, J., Crosignani, M., Dennis, B., Kotta, G., Morgan, D.P., Shin, C. ve Zer, I. (2022). Climate-Related Financial Stability Risks for the United States: Methods and Applications. FEDS Working Paper No. 2022-43.
  • Carbone, S., Giuzio, M., Kapadia, S., Krämer, J.S., Nyholm, K. ve Vozian, K. (2021). The Low-Carbon Transition, Climate Commitments and Firm Credit Risk. ECB Working Paper No. 2021/2631.
  • Dafermos, Y., Nikolaidi, M. ve Galanis, G. (2018). Climate Change, Financial Stability and Monetary Policy. Ecological Economics. Volume 152, 219-234. https://doi.org/10.1016/j.ecolecon.2018.05.011
  • Gabor, D., Dafermos, Y., Nikolaidi, M., Rice, P., van Lerven, F., Kerslake, R., Pettifor, A. ve Jacobs, M. (2019). Finance and climate change: a progressive green finance strategy for the UK. Technical Report. Labour Party, London.
  • Javadi, S. ve Almasum, A. (2021). The Impact of Climate Change on the Cost of Bank Loans. Journal of Corporate Finance, 69/102019.
  • Ntarmah, A.H., Kong, Y., Cobbinah, E., Gyan, M.K. ve Manu, E.K.. (2020). Analysis of the Responsiveness of Environmental Sustainability to Non-Performing Loans in Africa. Applied Economics Journal, Kasetsart University, Faculty of Economics, Center for Applied Economic Research. 27(2), 77-109.
  • Nguyen, D.D., Ongena, S., Qi, S. ve Sila, V. (2022). Climate Change Risk and the Cost of Mortgage Credits. Review of Finance, 26-6, 1509-1549.
  • Oguntuase, O.J. (2020). Climate Change, Credit Risk and Financial Stability in R. Haron, M. M. Husin, & M. Murg (Eds.), Banking and Finance-IntechOpen.
  • Walles, R., Rutger, J. ve Folpmers, M. (2021). Climate Change Related Credit Risk: Case Study for U.S. Mortgage Loans. Deloitte Report. https://www2.deloitte.com/content/ dam/Deloitte/nl/Documents/financial-services/deloitte-nl-fsi-climaterelated-risk-full-article.pdf
  • Zhang, W.L., Chang, C.P. ve Xuan, Y. (2022). The Impacts of Climate Change on Bank Performance: What’s the Mediating Role of Natural Disasters?. Economic Change Restructuring, 55 (3), 1913-1952.
There are 23 citations in total.

Details

Primary Language Turkish
Subjects Finance Studies (Other)
Journal Section Research Articles
Authors

Mete Bumin

Publication Date November 1, 2023
Published in Issue Year 2023 Issue: 130

Cite

APA Bumin, M. (2023). İklimle Bağlantılı Finansal Risklere İlişkin Basel Komitesi Prensipleri ve Türk Bankacılık Sektörü için Öneriler. Sayıştay Dergisi(130), 387-418. https://doi.org/10.52836/sayistay.1348178