ISBN:
9783031548727
Sprache:
Englisch
Seiten:
1 Online-Ressource (XVII, 193 p. 18 illus., 16 illus. in color.)
Serie:
Palgrave Macmillan Studies in Banking and Financial Institutions
Originaltitel:
Climate stress test
Paralleltitel:
Erscheint auch als
Paralleltitel:
Erscheint auch als
Paralleltitel:
Erscheint auch als
Schlagwort(e):
Financial services industry.
;
Financial risk management.
;
Climatology.
;
Sustainability.
;
ESG
;
Climate & environmental risk
;
Financial institutions
;
Transmission channels
;
Regulatory framework
;
Governance
;
Business model
;
Climate risk
;
Sustainability
;
Sustainable finance
;
ESG and finance
Kurzfassung:
1 Climate Risk Scenario -- 2 Regulatory Framework, Standards And Best Practices For The Financial Sector -- 3 Transmission Channels Of Climate Risk -- 4 Integrating Climate Risk Into Commercial Banks Operations -- 5 Insurance Companies -- 6 Governance Implications: The Challenge Of Disclosure.
Kurzfassung:
Climate change is defining structural modifications that affect the economy and the financial system. Within Europe, supervisors and supervised entities are increasingly focusing on the consequences of environmental, social, and governance (ESG) risks as they impact the soundness and stability of the financial system or interfere with the transmission channels of monetary policy and price stability as well as raising sustainability financing issues. Focusing on climate-related risks within the broader theme of ESG risks, this book analyzes the evolving overall regulatory framework, the climate risk transmission channels, the peculiarities of climate risk transmission channels with reference to specific business models of financial intermediaries, and the governance and disclosure implications of climate risks. It will be of interest to academics, practitioners, and students in the fields of banking, financial services, sustainability, ESG, and climate risk. Elisabetta Gualandri is a Full Professor of Banking and Finance in the Marco Biagi Department of Economics at the University of Modena and Reggio Emilia, Italy, where she is a member of the Center for Studies in Banking and Finance (CEFIN). She is also a Director of the European Association of University Teachers of Banking and Finance – Wolpertinger. Paola Bongini is a Full Professor of Banking and Finance at the University of Milano-Bicocca, Italy. She is also the Director of the Ph.D. Program in Business for Society. Her research interests are in empirical banking, financial regulation and financial literacy and education. Maurizio Pierigè is Senior Partner at Prometeia responsible for the Risk Integration activities within the Enterprise Risk Management Practice. As Head of Risk Integration, Advanced Analytics, Climate Change & ESG Risks, he is in charge of the development of Prometeia offerings (scenarios, advisory, models, methodologies, software solutions) on balance sheet forecasting and risk integration topics. Marina Di Janni is a Principal, Risk Integration, Advanced Analytics, Climate Change & ESG Risks at Prometeia. She is in charge of planning, controlling, and risk integration for institutions.
Anmerkung:
Translation from the Italian language edition: "Climate stress test. Un primo passo verso una gestione integrate dei rischi climatici e ambientali" by Elisabetta Gualandri et al., © AIFIRM (Associazione Italiana Financial Industry Managers) 2022. - The Book is based on selected Chapters (1, 2, and 8) of the AIFIRM's Position Paper n. 39 “Climate Stress Test - Un primo passo verso una gestione integrata dei rischi climatici ed ambientali”. The Editors of the Book took care of all updates, additions, revisions, and translations of the AIFIRM's Position Paper n. 39 selected chapters
DOI:
10.1007/978-3-031-54872-7
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