Agenda

Agenda

Identifying and Managing the Financial Risks of Climate Change - Agenda

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Live virtual course | Below agenda timing is in GMT

Respective time in EST:

Start: 2pm GMT | 9am EST
Break: 3pm GMT | 10am EST
End: 4.15pm GMT | 11.15am EST

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14:0015:00

Integrating climate change risk management into a financial organization

14:00 - 15:00

  • The impact of climate risk on financial institutions

  • How climate risk impacts the relationship an FI has with its stakeholders – customers, suppliers, regulators and shareholders

  • What is physical risk and transition risk?

  • How physical risk and transition risk impact the business risks – credit, market, operational, liquidity, reputational and legal

  • What should be the approach for climate compliance?

Zeeshan Rashid

Global head of climate change advisory, BFSI Industry Advisory Group

Tata Consultancy Services Ltd.

15:0015:15

Break

15:00 - 15:15

15:1516:15

Climate alignment

15:15 - 16:15

  • What is climate alignment and how does it differ from climate risk management

  • Climate alignment and how it can lower transition risks

  • Strategies to achieve full climate alignment

  • What is the future of the industry as a result?

Alessia Falsarone

SASB FSA, Managing Director

PineBridge Investments

Alessia Falsarone is Managing Director, Portfolio Strategy and Risk, Head of Sustainable Investing DMFI at PineBridge Investments, a global asset manager based in New York. Prior to joining the firm’s predecessor entity, AIG Investments, in 2007, Alessia spent over a decade in investment and banking roles at Citigroup and Credit Suisse in Europe, the US and Asia.

A fellow of the Aspen Institute’s Business and Society Program, she is an advisor to the London Stock Exchange Green Segment with focus on financial markets’ participation in building environmental resilience and promoting climate risk practices. Alessia is an alumna of Stanford University and the MIT Sloan School of Business.

14:0015:00

Data management for climate change risk

14:00 - 15:00

  • Types of data required 

    • Financial vs non-financial data

    • Qualitative vs quantitative

  • Adjusting data collection processes to evaluate climate change risks

  • Do you have enough internal data to include climate-related issues into your framework?

    • Pros/cons of third/fourth/fifth party providers

  • Leveraging additional data sources

  • Current industry challenge

Randeep Singh Buttar

compliance as a service ltd/HSBC

Founder of compliance as a service ltd/interim climate risk data lead

Randeep Buttar is the founder of Compliance as a Service. A RegTech company specialising in compliance technology. Randeep has over 15 years’ experience delivering service, people, process, data and technology capabilities across multiple sectors. He has held senior change leadership posts across multiple sectors including financial services, legal, oil and energy. He has led regulatory initiatives for market leading firms including Euroclear, Deutsche Bank, Linklaters and BP.

He was responsible for group-wide BCBS 239 (Risk Data Aggregation and Risk Reporting) compliance at HSBC and is now responsible for data management and data controls for the Basel 3 reforms. As a founder, Randeep is a motivated advocate of enhanced RegTech solutions and encourages an ecosystem which aims to bring the regulated and the regulators closer together.

Randeep is also the Deputy Chair for the Chartered Institute of Securities and Investments Fintech Committee.

15:0015:15

Break

15:00 - 15:15

15:1516:15

Meeting emerging regulatory expectations of climate change risk

15:15 - 16:15

  • Overview on current regulatory standards (e.g. PRA, ECB, HKMA, etc.) & reporting standards

  • Expectations for risk management 

  • Challenges and opportunities 

  • Role of NGFS and standard setters

  • Capital impact for the future

    • Consequences of stress testing

    • Add-ons

    • Implications

David Carlin

TCFD & climate risk program lead

UNEP FI

14:0015:00

Climate risk governance

14:00 - 15:00

  • Understanding the principles and recommendations of TCFD

  • Where financial experts and climate experts meet and come to an agreement

  • Setting up governance in order to mitigate climate change

  • How to practice climate risk governance

  • Strong ownership and oversight of climate change risk practices

Federica de Vincenzi

Head of Scenario Expansion, RST and Climate Risk Validation

Barclays

Federica joined Barclays in 2017 as Lead Developer for Stress Testing on the Retail portfolio after eight years spent in financial services across Italy and UK and a double Master in Economics and Finance.

In 2019 she transitioned to the validation space where was appointed Head of Scenario Expansion and Reverse Stress; thanks to this role she gained great insight of large model frameworks critical for the Bank as well as exposure to Senior stakeholders.

In 2021 her scope expanded to the validation of Climate risk models used for regulatory Stress Test or adopted to monitor Barclays carbon emissions as part of the 2050 net-zero commitment.

Being keen on transformative processes, she is leading an initiative that brings together all the skills – consolidating academia and business practices – to formulate responses to challenges arising from the evolution of climate risk management and modelling.

As a well-being advocate, she cultivates a number of passions among which, reading, travelling, art and running.

15:0015:15

Break

15:00 - 15:15

15:1516:15

Climate change risk models and methodologies

15:15 - 16:15

  • How do you model climate change risk?

  • Understanding modelling methodologies

    • Temperature alignment

    • Climate change applied to credit risk

  • Pacta methodology / Net Zero: science-based targets

    • GSG accounting and how to account for carbon emissions

  • The issue with standardization

  • Challenges in modelling climate change risk 

Viresh Tailor

Director

Baringa Partners

14:0015:00

Climate change risk strategies

14:00 - 15:00

  • Embedding climate change risk management into existing frameworks

  • Acknowledging the climate risk journey that financial institutions are on

    • Long term goals and setting targets

  • Opportunities to partner and collaborate

  • How to shape and set up teams accordingly

  • Setting supervisory expectations

James Belmont

Director

Baringa Partners

James is an accomplished financial services risk and treasury practitioner with over 20 years’ experience of building tools and processes, and using them to motivate balance sheet and risk profile changes.  He led Risk Analytics, Credit Portfolio Risk Management and Liquidity Modelling teams in a major UK bank, before joining Baringa Partners to lead their Risk Advisory practice.  James now works with a wide range of FS clients to support them in understanding and delivering strategic change to their risk management capabilities.  Bringing together Baringa’s Energy and FS capabilities, James has increasingly worked with UK banks and insurers to support them in building climate change risk management capabilities.

15:0015:15

Break

15:00 - 15:15

15:1516:15

Climate scenario analysis and stress testing

16:15 - 17:00

  • The difference between ‘normal’ stress testing and climate change risk stress testing

    • The Bank of England BES stress test

    • What are the implications of an EBA climate change stress test

    • ECB methodologies

  • Overview of scenario analysis in the context of climate change risk

  • Benefits and challenges of conducting scenario analysis

  • Scenario analysis examples

Paul Burnett

Independent Risk Consultant

Paul is a Risk Management specialist with almost  20 years investment banking experience, including most recently as the Global Head of Traded Risk Analytics at HSBC. In this role, Paul was responsible for and had oversight over the Traded Risk and Stress Testing models used by the firm. More recently, Paul has been focussing on Sustainability and Climate Risk and the corresponding implications this has on finance and risk management.

In a time before risk management, Paul would have been labelled a physicist, having received a DPhil specialising in the behaviour of dense, low temperature plasmas.

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