[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108607-en":3,"doc-seo-108607-105":31,"detail-sidebar-cat-0-en-105":93},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},108607,1099514068035,"Ezra","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Chile - Financial Sector Assessment Program Technical Note - Climate Risks and Finance","Technical note supporting the Chile Financial Sector Assessment Program (FSAP) assessment, developed for an IMF-World Bank mission in April 2021. It provides the technical analysis and detailed information underpinning FSAP findings and recommendations. The note defines climate risk concepts, outlines vulnerabilities and government responses, and examines how physical and transition risks affect the financial sector and supervisors. It also addresses climate finance, green finance mobilization, information architecture, and includes annexes on laws, energy balances, and sector-specific risk mappings.","Public Disc losure Authorized  \nAuthorized  \nPub lic Disc losure Authorized  \nTHE WORLD BANK GROUP  \nCHILE  \nFINANCIAL SECTOR ASSESSMENT PROGRAM  \nTECHNICAL NOTE  \nCLIMATE RISKS AND FINANCE  \nPrepared By  \nFinance, Competitiveness, and Innovation Global Practice, WBG  \nThis Technical Note was prepared in the context of a joint IMF-World Bank Financial Sector Assessment Program (FSAP) mission in Chile during April 2021 led by led by Charles Cohen, IMF and Miquel Dijkman, World Bank, andoverseen by the Monetary and Capital Markets Department. IMF, and the Finance, Competitiveness, and Innovation Global Practice, World Bank Group. The note contains the technical analysis and detailed information underpinning the FSAP assessment’s findings and recommendations. Further information on the FSAP program can be found at [www.worldbank.org/fsap](www.worldbank.org/fsap).  \nGLOSSARY  \nAML Anti-Money Laundering  \nERA Environmental Risk Assessment  \nESG Environmental, Social, and Governance  \nESRM Environmental and Social Risk Management  \nFI Financial Institution  \nFSAP Financial Stability Assessment Program  \nFSB TCFD Financial Stability Board-Task Force on Climate-related Financial Disclosures  \nFBCC Framework Bill on Climate Change  \nGDP Gross Domestic Product  \nGEMC Growth and Emerging Markets Committee  \nGFDRR Global Facility for Disaster Reduction and Recovery  \nGHG Green House Gasses  \nGOC Government of Chile  \nIAIS International Association of Insurance Supervisors  \nIFC International Finance Corporation  \nIOSCO International Organization of Securities Commissions  \nIPCC Intergovernmental Panel on Climate Change  \nKYC Know-Your-Customer  \nMDB Multilateral Development Banks  \nMFI Microfinance Institution  \nNDC Nationally determined contributions  \nNGFS Central Banks and Regulators Network for Greening the Financial System  \nNPL Non-performing loan  \nPLC Publicly listed companies  \nSEC Securities and Exchange Commission  \nSBN Sustainable Banking Network  \nSIF Sustainable Insurance Forum  \nSFF Sustainable Finance Framework  \nCONTENTS  \nGlossary ....................................................................................................................................................................................... 2  \nExecutive Summary ................................................................................................................................................................. 4  \nKey recommendations ........................................................................................................................................................... 9  \n1 Introduction................................................................................................................................................................... 10  \n2 Context ............................................................................................................................................................................ 11  \n2.1 Definitions ........................................................................................................................................................... 11  \n2.2 Vulnerabilities to climate change ............................................................................................................... 12  \n2.3 Response by Government ............................................................................................................................. 16  \n3 Climate risks and the financial sector .................................................................................................................. 18  \n3.1 Financial sector .................................................................................................................................................. 18  \n3.2 Physical and transition risk............................................................................................................................ 19  \n3.3 Response secto","cbCaioLelOleDRhy","https://ap.wps.com/l/cbCaioLelOleDRhy","pdf",1603193,5,1,66,"English","en",105,"# Executive Summary\n## Key recommendations\n# 1 Introduction\n# 2 Context\n## Definitions\n## Vulnerabilities to climate change\n## Response by Government\n# 3 Climate risks and the financial sector\n## Financial sector\n## Physical and transition risk\n## Response sector\n## Response supervisor\n# 4 Climate Finance and the financial sector\n## Global and domestic green finance context\n## Mobilizing green finance\n### Greening private capital\n## Strengthening the climate information architecture\n# Annex I Overview of Chilean laws, programs and action plans related to climate change\n# Annex II ENERGY BALANCES\n# Annex III Map of Chile\n# Annex IV Physical risks in the banking sector\n# Annex V Transition risk in the banking sector\n# Annex VI Physical risks in insurance sector","[{\"question\":\"What is the purpose of this Chile FSAP technical note?\",\"answer\":\"It supports the FSAP assessment for Chile by providing technical analysis and detailed information underlying the assessment’s findings and recommendations.\"},{\"question\":\"How does the note classify climate risk in relation to the financial sector?\",\"answer\":\"It distinguishes physical risk and transition risk and explains how these risks impact financial sector entities and supervisory responses.\"},{\"question\":\"What topics are covered under climate finance?\",\"answer\":\"It reviews the global and domestic green finance context, approaches to mobilizing green finance, greening private capital, and strengthening the climate information architecture.\"}]","Chile - 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