In conversation with the ECB on economy-wide climate stress-testing model

In conversation with the ECB on economy-wide climate stress-testing model

Virtual roundtable   Virtual   
  Wed 3 Nov 2021 13:00 - 14:00

Incorporating climate scenarios into risk assessments is fundamental to any financial strategy and supervision framework. Central banks are now developing and integrating their own tools into financial institutions. At the OMFIF Sustainable Policy Institute’s symposium we heard from the Bank of England, Banque de France and Banco Central do Brasil on the challenges, successes and lessons learnt in implementing their stress-testing models.

This roundtable continues the conversation with the European Central Bank’s economy-wide stress-testing model. Topics of discussion will include scenario analysis, the evaluation of physical and transition risks, capturing credit and market risk to banks, the wider financial sector and the implications of energy transition.

Carmelo Salleo, Head of the Stress Test Modelling Division, European Central Bank
Laura Parisi, Team Lead, ECB Climate Change Center, European Central Bank

13:00-14:00 (London)
09:00-10:00 (New York)
21:00-22:00 (Singapore)

This meeting will be conducted under the OMFIF Rules.

This virtual discussion is part of the OMFIF Sustainable Policy Institute. The SPI is a high level community which brings together central banks, sovereign funds, public pension funds, and their counterparts in asset management, banking and professional services to explore policy, regulatory and investment challenges posed by environmental, social and governance themes. See more information on OMFIF’s SPI here.

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The Sustainable Finance Policy Tracker provides a comprehensive overview of different countries’ approaches to mitigating climate risks in the financial sector.

Covering 22 countries and jurisdictions, the tracker presents information on 14 areas that include regulatory and supervisory measures, climate stress testing activity, net zero strategies, green bond issuance and disclosure requirements.

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