Agenda

Agenda

Climate Change Risk - Agenda

08:3009:00

Registration and refreshments

08:30 - 09:00

09:0010:30

Climate change risk management

09:00 - 10:30

  • Identifying, assessing and managing climate change risks
  • Physical risks
  • Transition risks
  • Treating climate change as a financial risk
  • Integrating climate risk into financial risk management frameworks
  • Opportunities which climate change may present

10:3010:45

Morning break

10:30 - 10:45

10:4512:00

Climate scenario analysis

10:45 - 12:00

  • Overview of scenario analysis
  • Exposure to climate-related risks
  • Recommended approach to scenario analysis 
  • Applying scenario analysis
  • Benefits and challenges of conducting scenario analysis
  • Scenario analysis examples

12:0013:00

Lunch

12:00 - 13:00

13:0014:30

Data management

13:00 - 14:30

  • Adjusting data collection processes to effectively evaluate climate risks
  • Types of data required
  • Do you have enough internal data to include climate-related issues into your processes?
  • Additional data sources
  • Leveraging existing scenario models
  • Model risk management

14:3014:45

Afternoon break

14:30 - 14:45

14:4516:15

Disclosures, reporting and governance

14:45 - 16:15

  • Rising pressure for financial disclosure
  • Strong ownership and oversight of the climate change risk management practices
  • TCFD recommendations and the PRA draft supervisory statement
  • Implementing the recommendations and proposals:
    • Motivation
    • Practicality
    • Legality
  • Developing a comprehensive TCFD programme
  • Potential challenges

08:3009:00

Refreshments

08:30 - 09:00

09:0010:30

Case study: central bank perspective

09:00 - 10:30

  • Implications of climate change for financial stability
  • Central bank’s roles and responsibilities for climate change
  • Incorporating climate change risks into central banks’ own portfolios
  • Sharing lessons and experiences on how to manage the financial risks posed by climate change
  • Expectations for financial institutions to integrate and manage climate risks in day-to-day operations
  • Creation of a coherent set of global priorities requiring international cooperation

10:3010:45

Morning break

10:30 - 10:45

10:4512:00

Case study: supervisor perspective

10:45 - 12:00

  • Implications of climate change for financial stability
  • Supervisor’s roles and responsibilities for climate change
  • Regulatory proposals from the NGFS, PRA, FCA, and TCFD
  • Expectations for financial institutions to integrate and manage climate risks in day-to-day operations
  • How supervisors can help strengthen resilience
  • What supervisors have achieved so far

12:0013:00

Lunch

12:00 - 13:00

13:0014:30

Case study: investment bank perspective

13:00 - 14:30

  • Incorporating climate-related risks into governance frameworks
  • Evaluating physical and transition risks
  • Developing methodologies and tools to align with proposed supervisory expectations
  • Scenario analysis
  • Seizing climate change related opportunities
  • Engaging with central banks and supervisors

14:3014:45

Afternoon break

14:30 - 14:45

14:4516:15

Panel discussion: climate change as a quantifiable business risk

14:45 - 16:15