Session IX

Supervision and stress testing
Examination Schools - East School
Session Time:

Dr Saskia de Vries

De Nederlandsche Bank
Head of the International Financial Architecture

Irene Heemskerk

European Central Bank
Head of Climate Change Centre

Joseph Noss

Willis Towers Watson
Senior Director, Financial Services

Dr Nicola Ranger

Head of Sustainable Finance Research for Development, Oxford Sustainable Finance Group
Deputy Director, CGFI

Session Detail:

Current backward-looking financial risk management practices are insufficient to capture the long-term horizon and fundamental uncertainty associated with climate change. Various central banks have run or are planning to run forward-looking climate stress tests that examine the effects of a wide range of physical and transition risk scenarios on the stability of the financial system.

This session will discuss current best practices, and the future of climate stress testing as well as its potential over the next 10 years.