Moody’s Analytics is expanding its capabilities to enable institutions to assess risks posed by climate change. This has taken on more urgency with the Bank of England’s recent decision to require U.K. financial institutions to stress-test their balance sheets for climate change risk starting in 2021. Constructing climate change scenarios starts with a trajectory for carbon dioxide emissions, the necessary policies to achieve these emissions, and the corresponding change in global temperatures. The physical and transition impacts on the economy of the temperature change are then determined using our model of the global economy. Our scenarios are consistent with Orderly, Disorderly, and Hot house world scenarios by NGFS. We illustrate the methodology for the U.S. and the U.K.

Speakers

Luca Magni, Associate Director, Business Development, Moody's Analytics (Moderator)
Petr Zemcik, PhD, Senior Director, EMEA Head of Business Analytics, Moody's Analytics
Chris Lafakis, Director, Climate Risk Economist, Moody’s Analytics
Janet Lee, Director, Economic Research, Moody’s Analytics

Following the commencement of TRIM in 2016, there are has been a multi phased approach to the ECB’s TRIM exercise. As we are gearing up for a year of further TRIM exercises and transitioning to review of wholesale and low default portfolios, Moody’s would like to host this webinar to provide:

  1. Further insight to the challenges in the market thus far
  2. The common themes across Europe
  3. Remediation and best practice approaches

Following the commencement of TRIM in 2016, there are has been a multi phased approach to the ECB’s TRIM exercise. As we are gearing up for a year of further TRIM exercises and transitioning to review of wholesale and low default portfolios, Moody’s would like to host this webinar to provide:

  1. Further insight to the challenges in the market thus far
  2. The common themes across Europe
  3. Remediation and best practice approaches