Kazakhstan is vulnerable to transition risk due to the importance of its energy- and emissions-intensive sectors … heterogenous impacts across industries and banks. Using both micro and macro modeling approaches, the climate risk analysis … suggests Kazakhstani banks are exposed to significant transition risk from domestic and, more importantly, global climate …

stress test results broadly corroborated the identified vulnerabilities and quantified them. The climate risk analysis … well capitalized, although capital ratios are biased upward by large government paper holdings with zero risk weights. The … results of the solvency stress test corroborate that banks are less vulnerable to credit risk than they are to the impact of a …

The Financial Sector Assessment Program (FSAP) risk analysis work was conducted in the aftermath of the initial COVID …