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The Australian Prudential Regulation Authority (APRA) has recently started a pilot program on Climate Vulnerability Assessment to calculate banks' exposure to climate-related financial risks. Discuss

The Australian Prudential Regulation Authority (APRA) has recently started a pilot program on Climate Vulnerability Assessment to calculate banks' exposure to climate-related financial risks.

Discuss some of the highlights of this program and why it is crucial for the future viability of Australian banks.

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