Climate Risk

Reflections on the BoE’s climate stress test

The Climate Biennial Exploratory Scenario exercise is over. But the debate over what the results mean for banks, supervisors, and the UK financial system has…

Weekly round-up: May 16-20

The top five climate risk stories this week 1) Green capital adjustments lack supporting data — NGFS There is scant evidence to justify “green supporting”…

Here’s how to run asset-level climate physical risk assessments

A recent academic paper proposes a five-step methodology for measuring how climate impacts to physical assets can inflict losses on financial institutions Climate physical risks…

Weekly round-up: May 9-13

The top five climate risk stories this week 1) UK consults on transition plans for companies A UK taskforce launched a consultation Wednesday on a…

Why the EU’s systemic buffer isn’t fit to tackle bank climate risks

European financial authorities are talking up the potential of the systemic risk buffer to capture physical and transition risks, but the tool has its shortcomings…

Weekly round-up: May 2-6

The top five climate risk stories this week 1) Wells Fargo sets portfolio emissions targets Wells Fargo published 2030 portfolio emissions targets on Wednesday, the last…

Managing Climate Risks for Credit Unions

As climate change continues to impact the world, there is a growing recognition that physical and transition risks threaten credit unions and the wider financial…

Weekly round-up: April 25-29

The top five climate risk stories this week 1) UK taskforce to develop “gold standard” for transition plans The UK government launched a Transition Plan Taskforce (TPT)…

Weekly round-up: April 18-22

The top five climate risk stories this week 1) GFANZ pressured to raise climate ambitions Strong leadership is needed to stop the Glasgow Financial Alliance…

US regional banks team up to tackle climate risk

The Risk Management Association’s new consortium could reduce the climate change learning curve for smaller lenders Wall Street does not have a monopoly on banking…