4 posts categorised "Climate risk"

21 October 2019 What does being responsible for climate risk really mean? It’s clear that climate risk is an issue the PRA wants firms to take seriously and address urgently. The prudential regulator wants firms to recognise that climate change, and society’s response to it, present financial risks. These could arise through physical risks such as increased instances of extreme weather events, but the regulator is also particularly concerned about the shorter-term transition risks that could impact the financial system as we move towards a lower-carbon economy.

31 October 2016 The 2016 Low Carbon Economy Index shows that climate risks are here to stay, so managing the credit implications is simply common (financial) sense Climate change presents risks that are being felt today, and as this year’s Low Carbon Economy Index shows, will continue to generate both physical impact risks and low carbon transition risks that could impact companies’ financial performance. As the providers of financial services and capital to companies exposed to such climate risks, financial institutions including banks, asset managers, and insurers are increasingly trying to come to terms with how such risks could transfer to them

12 May 2016 The first catastrophe risk breakfast discussion forum, and three very topical issues The first catastrophe risk breakfast discussion forum, and three very topical issues - cyber and liability, data analytics and visualisation Data analytics and visualisation and Solvency II in‘business as usual

01 April 2016 May the Taskforce be with you: Bringing climate-related risks into the financial mainstream By Jon Williams Much like the blessing in Star Wars offered in face of an impending challenge, the same could be said of the Financial...

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