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Paris, France

ECB 2022 Climate Stress Test Exercise: Takeaways and Lessons Learned

Overview

Co-hosted by the GARP Paris and Budapest Chapters

Earlier this year the European Central Bank (ECB) launched a supervisory climate risk stress test. The purpose of this exercise was to assess how well banks are prepared for the financial and economic shocks related to climate change.

How did banks perform? What were the main takeaways and lessons learned? What’s coming next for banks on the climate risk front?

Join us for a discussion with Marc Irubetagoyéna, head of Stress Testing at BNP Paribas, and Peter Sziklai, head of EMEA Market Risk Stress Testing at Morgan Stanley, to discover the answers to those questions and more.

•Peter Sziklai will give an overview of Climate scenarios used as input for the ECB’s exercise

•Marc Irubetagoyéna will then focus on modeling and calculation challenges as well as the availability of data

Both Marc and Peter will then present the results of the ECB stress testing, including the major takeaways. They will also consider how this exercise might evolve over time.

Agenda

6:30 – 6:35 pm CEST: Welcome/introduction

6:35 –7:35 pm CEST: Presentation

7:35 – 8:00 pm CEST: Audience Q&A

Attendees qualify for 1 GARP CPD credit.

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Details

When

August 30, 2022 6:30 PM - 8:00 PM
Online Meeting
REGISTER NOW

Chapter Directors

Danielle Winandy
RISK ESG Transformation Manager BNP Paribas
Olivier Garbus
Investment Specialist Amundi Asset Management

Committee Members

Olivier VU LIEM

ALM Risks Analyst Liquidity Risk Office Natixis

Remy ESTRAN

Advisor to Risk Dynamics part of McKinsey & Company

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