WELLINGTON, July 30 (Reuters) - The Reserve Bank of New
Zealand (RBNZ) said on Friday it is exploring options to
incorporate climate change into its stress testing for banks and
"Our 2021 stress test plan includes drought conditions in a
bank stress test scenario and severe weather events in an
insurance scenario," the Reserve Bank Assistant Governor Simone
Robbers said in a opinion piece published on the bank's website.
Robbers said the bank is considering how to incorporate
sustainability objectives into its balance sheet operations.
(Reporting by Praveen Menon
Editing by Chris Reese)