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Mémoire public de l’Institut climatique du Canada
The Canadian Climate Institute evaluates the Office of the Superintendent of Financial Institutions' (OSFI) Standardized Climate Scenario Analysis Exercise (SCSAE), arguing that while it is a positive step toward normalizing climate risk management for federal financial institutions, it is currently 'exagérément simplifié'. The Institute recommends that the SCSAE move beyond simple exposure analysis to incorporate asset vulnerability, regional differences within Canada, and the economic opportunities presented by the clean energy transition to avoid distorting the financial risk landscape.
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Document type: Statement