Part I will begin on November 23 at 1:00pm GMT, with a focus on practical advances in climate risk management over the past year. The 90-minute webcast will look at supervisors’ growing interest in firms’ climate risk management, with a particular focus on the work of the U.K.’s Climate Financial Risk Forum (CFRF). The CFRF, an industry forum jointly convened by the PRA and FCA, provides an interesting model of collaboration and is generating insights that are relevant and useful for firms all around the world. We will hear from those involved about how financial firms are embedding climate within their risk management frameworks by establishing climate risk appetite statements. We will also look at how scenario analysis is being used to assess physical and transition risk, as well as the increasing trend of aligning portfolios with certain outcomes (e.g. “Paris” or "1.5 degree alignment”).
The event will continue with Part II on November 30 at 1:00pm GMT, with perspectives from both supervisors and firms about the experience to date of supervisory climate stress tests. Hear from practitioners to gain practical insights on how these exercises differ from traditional stress tests and their lessons learned to date. Featuring insights and case studies from top banks, this session will offer practical advice on how firms can treat scenario analysis as a useful pillar of their climate risk strategy rather than simply a compliance exercise.
*Date and Time noted as
1:00 PM - 2:30 PM
1:00 PM - 2:30 PM
Judson Berkey
Managing Director, Group Head Engagement and Regulatory Strategy, Chief Sustainability Office, UBS
Amitav Borkakoty
Managing Director, Enterprise Risk Management, Standard Chartered Bank
Sarah Breeden
Executive Director, Financial Stability Strategy and Risk and member of the Financial Policy Committee, Bank of England
Ben Carr
Analytics and Capital Modelling Director, Aviva plc
Chris Faint
Head of Climate and Small Mutuals, Bank of England
Marc Irubetagoyena
Head of Group Stress Testing and Financial Simulations, BNP Paribas
Lauren McNicoll
Vice President, Climate Change Risk, J.P. Morgan
Nigel Milbank
Senior Lead, Climate Programme, Natwest Group
Maxine Nelson
SVP, GARP Risk Institute
Jo Paisley
President, GARP Risk Institute
Rob Purdy
Director of Balance Sheet Management, Yorkshire Building Society