Climate Related Financial Risks Management

Class Description

TRAINING ON CLIMATE-RELATED FINANCIAL RISK MANAGEMENT FROM 13TH TO
17TH MAY 2024 AT THE BANK OF TANZANIA HEAD OFFICE IN DODOMA

A. INTRODUCTION
The Bank of Tanzania Act, 2006, and the Banking and Financial Institutions Act, 2006
mandate the Bank of Tanzania to license, regulate, and supervise banks and financial
institutions in Tanzania. As a regulator, the Bank of Tanzania is entrusted with the
responsibility of ensuring a stable, sound, and safe banking sector and financial system at
large. In discharging this responsibility, it is in the interest of the Bank of Tanzania to ensure
that various stakeholders in the banking and financial sectors are conversant with relevant
legal and regulatory requirements governing their operations.
In the course of conducting banking business, banks, and financial institutions assume risks
to realize returns on their investments and one of the significant risks is a climate-related
risk. Climate-related risk arises from the potential risk that may arise from climate change or
from efforts to mitigate climate change. Climate-related risk management has been a
challenge for most banks and financial institutions and in the event of inadequate
management, can result in losses that may erode banks’ profits and capital. Consequently,
the Bank of Tanzania Academy has organized a five-day course to impart necessary skills to
participants on how to manage climate-related risks in line with the regulatory requirements
and other global standards.

B. OBJECTIVE OF THE COURSE
The course intends to impart necessary skills to participants on how to manage ClimateRelated Financial Risks in line with regulatory requirements and applicable good practices.
In addition, the course will expose participants to the essentials of Climate-Related Financial
Risk management as emphasized by the regulator and other global standard setters.

C. CONTENTS OF THE COURSE
Legal and regulatory framework pertaining to Climate-Related Financial Risks.
Overview of the Guidelines on Climate-Related Financial Risks Management.
IFRS S2 Climate-Related Disclosures.
Principles for the effective management of Climate-Related Financial Risks.
Climate-Related Financial Risks Management Process.
Scenario analysis and stress testing.

D. TARGET GROUP
This course is specifically designed for officers of banking institutions and other related
companies who are involved in risk management including those who provide oversight and
support to credit functions and corporate strategy and sustainability teams such as risk
management, compliance, internal audit, finance, legal, information technology, branch
operations, and treasury.

E. SCHEDULED DATES AND DURATION
Five (5) days: From 13th to 17th May 2024. First Day Registration starts at 08.30 AM.

F. COURSE FACILITATORS
The Bank of Tanzania Academy in collaboration with the Directorate of Financial Sector
Supervision will facilitate the course.

G. VENUE
Bank of Tanzania Head Office Dodoma

H. FEES
The fee for each participant is TZS 1.0 million or USD 1000 for non-residents covering
tuition, course materials, lunch, and mid-session refreshments. Participants will be
responsible for their travel costs and upkeep. Please make your fee payment using the
following channel:
Bank Transfer through TISS Transferee Bank: Bank of Tanzania
Account Number: 9944713006
Account Name: Course Fees
SWIFT CODE:TANZTZTXXXX
Foreign Participant:
Bank Name: Citibank
Bank Swift Code: CITIUS33
Account Holder: Bank of Tanzania
Account Number: 36113007

I. MODE OF APPLICATION
Send a letter, an e-mail, or make a phone call to the Bank of Tanzania Academy through
any of the mentioned contacts below. The course will accommodate 30 participants and the
first-come-first-served principle will apply. Applications should reach us at least two (2)
working days before the commencement of the course.
All applications should be addressed to:
The Principal,
Bank of Tanzania Academy,
P. O. Box 131, Capri-Point,
MWANZA
+255 (0) 28 2 500 982/709/983 +255 (0) 28 2 500 984
Email: academy@bot.go.tz