Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help me with my report on this section. Banks are subjected to a wide array of risks during their operations. Risk management is about
please help me with my report on this section.
Banks are subjected to a wide array of risks during their operations. Risk management is about understanding and managing the bank's risk environment and taking measures, where necessary, to ensure that risks are contained to acceptable levels, while making sure loss-absorption buffers are sufficient. In addition, the analysis of banks must also consider the current status of the country's financial system and overall economy and threats posed by environment such as climate change. Underpinning their ability to manage risks and meet regulatory and community expectations is robust corporate governance led by the bank's board of directors. This assignment will involve analysing financial statements 1 and other relevant reports of Commonwealth Bank (CBA) for the year 2023. You will be also asked to analyse Pillar 3 reports of Westpac Bank (Westpac) for the year 2023. You are also expected to undertake other relevant research to support your analysis. Your analysis should address the specific requirements outlined in the structure of the report given below. The report must contain the following sections and sub-sections: Climate risk analysis Review CBA's approach to analyse the risk of climate change on its portfolio (see p.42 to p.47 of the bank's 2023 Climate Report 4 ). Analyse the results of the bank's climate scenario analysis Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started