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Zurich, Switzerland

Integrating ESG Risks at Financial Institutions

Overview

In-person and Virtual Participation Available

The integration and measurement of Environmental, Social, and Governance (ESG) risks are high on the agenda of regulators and financial institutions worldwide. Integrating these risks provides both challenges and opportunities. It is based on the previously implemented regulatory requirements from the Task Force on Climate-Related Financial Disclosures (TCFD) framework and potentially additional regulatory requirements. 

The Swiss regulator is strongly committed to the recommendations of the Network for Greening the Financial System (NGFS). Supervisory reviews currently being performed at financial firms demonstrate that requirements for ESG frameworks will go beyond EU regulations.

 In this presentation we will begin by exploring some of the global regulatory frameworks amid the growing scrutiny of ESG. We will address the guidance of the U.S. SEC, the ISSB, and the EU. We will also cover the emerging developments in regulatory expectations and show some of the emerging trends and developments for addressing and managing these risks in the Swiss market including:

•Scenario definitions & analyses

•Dynamic balance sheet modeling

•Expected loss modeling

Agenda

5:005:30pm: Registration

5:30 – 6:30pm: Presentation

6:30 – 8:00pm: Networking Reception

Meeting Location: 

PwC, Friedrich Dürrenmatt meeting room 

Birchstrasse 160 · 8050 Zürich 

Online link to follow

Attendees qualify for 1 GARP CPD credit.

Chapter Speakers

Oliver Kaufmann

Director, PwC, Financial Risk Management Advisor

Oliver is a Director in PwC's Financial Risk Management Advisory team with more than 21 years of experience in the financial risk management area. He joined PwC Switzerland in 2020 from EY Switzerland where he led and built up the quantitative modelling & data analytics team within FS risk advisory. Before coming to Switzerland he had various senior risk positions for a German global bank and an European leading consulting firm in Frankfurt. Oliver gained his PhD in high energy physics.

Due to his leading roles within PwC and before Oliver gained profound experience in the implementation of the regulatory capital requirements for financial institutions based on the Basel framework as Consultant and in particular through the audit of capital requirements under Pillar 1&2 on behalf of the Swiss regulator FINMA. Based on this experience Oliver worked on the development and bank-wide integration of various risk steering concepts like Stress Testing & Economic Capital to enable risk-adjusted bank steering within effective risk-appetite frameworks. Currently he is working with various Swiss banking clients on the implementation and integration of ESG frameworks in particular related to Climate scenario analyses.

David Carlin

Climate Risk Lead, UNEP-FI, Principal, Oliver Wyman

David Carlin leads the Task force on Climate-related Financial Disclosures program for the United Nations Environment Programme Finance Initiative. He most recently managed a banking pilot with over three dozen global financial institutions on topics of climate scenarios, climate risk assessments, and climate governance. He is a contributor to Forbes, where he writes about climate change and leadership.

Prior to joining UNEP-FI, he worked as a senior manager in Risk and Public Policy for Oliver Wyman Consulting and in Model Risk Management for PNC Bank. His background is in quantitative modeling and decision science. 

Carlin conducted research in financial decision-making at Carnegie Mellon University and graduated Phi Beta Kappa from Williams College.

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Details

When

July 7, 2022 5:00 PM - 8:00 PM
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