Integrating Climate Risks in Stress Testing

Dec 1, 2020 , Ljubljana, Slovenia Webinar
Nov 30, 2020
English

This webinar gives an overview of new developments in stress testing. Namely, we will discuss climate change implications on the financial sector and the economy, and how those risks are assessed and included into stress tests.

At the webinar, we will take a closer look at some of the different practices of central banks and other authorities conducting such stress tests as well as on how banks can themselves assess climate risks to their activities.

After the general presentation on latest developments, participants will be able to learn on recent ECB practice as well as hear experience from the Dutch Central Bank and the Bank of France.

The webinar will be delivered in English. It is going to take place on December 1 at 10:00 and will last 1.5h.

Who should apply

As we will touch upon both, macro and micro level stress tests, the webinar is targeting:

  • employees in financial stability departments, 
  • employees working in banking regulation and supervision departments,
  • others in research and analysis departments working on financial stability.

Faculty

  • Pierre Monnin, Senior Fellow, Council on Economic Policies

Pierre focuses on the environmental and social effects of monetary policy. Prior to that he has been with the Swiss National Bank (SNB) in various roles for a total of ten years – counseling SNB’s Board Members on issues concerning financial markets and monetary policy as well as developing measures of financial stability and integrating them into the bank’s monetary policy framework. He also worked at Man Investments as a Quantitative Analyst, developing asset allocation strategies for alternative investments. Pierre holds a PhD in Economics from the University of Zurich, a MSc in Economics from Queen Mary, University of London, as well as a MSc in Statistics and a BA in Economics from the University of Neuchatel.

  • Anneke Harbers, Senior Banking Supervisor, National Institution Supervision Division, Dutch Central Bank

Anneke provides advisory services on climate-related and environmental risks for the financial sector, to regulators and supervisors and is engaged in evaluating climate-related risks self-assessments by Dutch banks. Currently, she is working on projects on climate-related risks disclosures by banks. She also represents DNB in Workstream 1 of the Network for Greening the Financial System (NGFS)  and contributed to the NGFS Guide for supervisors. She further represents DNB in the ECB working group on climate-related risks that jointly produced the ECB Guide on climate-related and environmental risks. She is also a trainer on climate-and environmental related risks for supervisors.

Previously, Anneke worked as a Principal Supervisor at the European Central Bank (ECB) in the area of climate-related risks, which included conducting a pilot exercise by the ECB on how banks are addressing climate-related risks. Moreover, she represented the ECB in Workstream 1 of the NGFS. Before joining DNB in the Supervision Policy Division in 2000, Anneke worked for ING Bank in Amsterdam. She holds degrees from the University of Amsterdam in Law and the Maastricht Management School in Business Administration. Anneke recently became a Certified Expert in Sustainable Finance of the Frankfurt School of Finance and Management.

  • Sebastien Diot, Bank of France

Practical information

The webinar will be delivered in English and will be recorded.

Partners

This learning initiative was supported by:

Bank of Slovenia De Nederlandsche Bank (Eurosysteem) Banque de France