ECB exec savages banks over climate risk inertia
ECB exec savages banks over climate risk inertia
A European Central bank executive has launched a withering attack on the lack of progress by banks in tackling climate risks.
ECB Climate Risk Stresstest – Reputational Risk
ECB Climate Risk Stresstest Methodology was published on October 18, 2021. This exercise aims to assess the impact of climate risks on reputational risk. We have summarized the most important aspects about reputational risk within the ECB Climate Risk Stresstest in our video.
If you have any questions on the ECB Climate Risk Stresstest 2022, do not hesitate to contact us.
ECB Climate Risk Stresstest – Longterm Strategic Response
In addition to the methodology for the ECB climate stress test, ECB has published further requirements on climate and environmental risks in guidelines. Longterm Strategic Response is one of the greatest challenge in the context of climate risk stress tests. We have summarized the most important aspects about Longterm Strategic Response within the ECB climate risk stress test in our video.
If you have any questions on the ECB Climate Risk Stresstest 2022, do not hesitate to contact us.
Civil Society Seminar Series: Climate risks – banks’ preparedness to weather the storm
Supervisory Board Vice-Chair Frank Elderson, together with Patrick Amis, Director General in ECB Banking Supervision, met with civil society organisations to discuss how the ECB helps European banks detect, manage and disclose climate risks. The seminar was moderated by Irene Heemskerk, head of the ECB’s Climate Change Centre.
The ECB Podcast – Climate change and the role of central banks
How does climate change affect financial stability? Why isn’t the ECB buying more green bonds? How can banks better prepare for climate-related risks? Our host Michael Steen discusses these questions with expert guests Fatima Pires, Madelaine Roos and Patrick Amis.
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
Published on 3 March 2020; recorded on 5, 6 and 13 February 2020.
In this episode:
(02:08) Climate change and financial stability
The risks emerging from climate change (physical and transition risks), their effects on financial stability, how stress tests help spot these risks and why international cooperation is key.
(13:22) Climate change and the green market
Why we don’t just buy more green bonds, how a taxonomy can help identify green assets and what the ECB is doing to make its own funds more sustainable.
(20:47) Climate change and banks
The role of banks in the shift to a more sustainable economy, how supervisors can help banks prepare for risks stemming from climate change and why transparency is important to better understand climate risks.
Climate change and the ECB
https://www.ecb.europa.eu/ecb/orga/climate/html/index.en.html
Speech (27 February 2020): C Lagarde, President of the ECB: Climate change and the financial sector
https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200227_1~5eac0ce39a.en.html
Research Bulletin: Finance and decarbonisation: why equity markets do it better
https://www.ecb.europa.eu/pub/economic-research/resbull/2019/html/ecb.rb191127~79fa1d3b70.en.html
Working Paper: Finance and carbon emissions
https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2318~44719344e8.en.pdf
Financial Stability Review: Climate change and financial stability
https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart201905_1~47cf778cc1.en.html
Working Paper: The Green Golden Rule: habit and anticipation of future consumption
https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2247~72dc51ddd8.en.pdf
Economic Bulletin: Purchases of green bonds under the Eurosystem’s asset purchase programme
https://www.ecb.europa.eu/pub/economic-bulletin/focus/2018/html/ecb.ebbox201807_01.en.html
Working Paper: The impact of disasters on inflation
www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1982.en.pdf
Speech (2018): B Cœuré, Member of the Executive Board of the ECB: Monetary policy and climate change
https://www.ecb.europa.eu/press/key/date/2018/html/ecb.sp181108.en.html
ECB Press Conference Q &A (23 January 2020)
https://www.ecb.europa.eu/press/pressconf/2020/html/ecb.is200123~0bc778277b.en.html
European Central Bank website
www.ecb.europa.eu/home/html/index.en.html
You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher and many more: https://pod.link/ecbpodcast
The views expressed are those of the speakers and not necessarily those of the European Central Bank.
