Addressing Climate Risk Through Effective Stress Testing, Reporting, and Governance
Financial institutions face short and long term challenges in addressing climate risk, driven both by strategic imperatives and regulatory pressures. These start with their data management and governance and the need to source suitable climate data and incorporate it into analytics and modelling as well as to enable more effective business decision making. Tackling this is key to being able to carry out effective climate stress testing and reporting to meet internal and external requirements.
As a result, companies are turning to in-house and external tools and technologies which can be employed in these climate risk initiatives. Combining these tools with advancements in strategy and organisational structures can assist financial firms in meeting their climate risk targets. This panel discussion will therefore delve into the current challenges around climate stress testing, data, and reporting, while offering insights into how institutions can use a combination of solutions to overcome these obstacles.
Learning Objectives:
- Assess the ongoing and emerging hurdles faced by financial institutions in managing climate risk
- Determine the key climate risk use cases within the organisation and the ideal outcomes
- Implement internal and external tools and technologies to bolster climate risk programmes
- Integrate new tools into a broader vision to enhance climate data, stress testing, and reporting
Speakers:
- David Carlin, Head of Risk, UNEP — Finance Initiative
- Antoine Bezat, Head of Stress Testing Methodologies and Models at BNP Paribas
- Stefan Szilagyi, Risk Modeling Examinations Manager at Federal Housing Finance Agency
- Arpit Narain (Moderator), Global Head of Financial Solutions, Artificial Intelligence & Quant Modeling at MathWorks
