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India's central bank, the Reserve Bank of India (RBI), has recently embarked upon a consultation process on Climate Change, with various stakeholders. Climate risk is inherently systemic - a siloed approach is, therefore, dangerous. Other financial services regulators should be drawn into the exercise. This submission made to the RBI discusses a few emerging risks and good practices across many economies: The breadth and scope of the RBI exploration is impressive. However, there are some critical missing components. Moreover, looking at policies and their implementation there is many a slip between the cup and the lip. The endeavour here is to highlight them and point at some successful global approaches. Needless to mention, that a siloed approach to financial services is a rather dangerous approach.