Agenda

Agenda

Identifying and Managing the Financial Risks of Climate Change - Agenda

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Live virtual course | Below agenda timing is in BST.

Respective time in EST:

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

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14:0015:00

Climate change risk management

14:00 - 15:00

  • Viewing climate risk as a financial risk not just a reputational risk

  • Exposure to climate-related risks

    • Physical risks

    • Transition risks

  • Risks and opportunities of climate change risk

    • Carbon as an asset class

  • Defining risk appetite and linking this to business strategy

15:0015:15

Break

15:00 - 15:15

15:1516:15

Climate alignment

15:15 - 16:15

  • How does this differ from climate risk management 

  • Climate alignment can lower transition risks 

  • Strategies to achieve full climate alignment

  • What is the future of the industry as a result 

Valeriu Bajenaru

Global head of enterprise strategic risk

Credit Suisse

14:0015:00

Climate change risk: meeting emerging regulatory expectations

14:00 - 15:00

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

  • Expectations for risk management 

  • Role of NGFS and standard setters

  • Challenges and opportunities

15:0015:15

Break

15:00 - 15:15

15:1516:15

Disclosure, reporting and governance frameworks

15:15 - 16:15

  • Rising pressure for financial disclosure – why?

  • Strong ownership and oversight of the climate change risk management practices

  • Understanding the guiding principles TCFD

    • TCFD recommendations

  • Developing a comprehensive TCFD programme 

  • Implementing recommendations and proposals

    • Motivation

    • Practicality

    • Legality

Simon Connell

Head of sustainability strategy

Standard Chartered

Simon is Head of Sustainability Strategy at Standard Chartered. In this role he leads the Bank’s external engagement and co-ordinates internal action on sustainability across the organisation with a specific focus on climate change and human rights.

Simon has over a decade’s experience in helping banks understand and manage environmental and social risks and opportunities presented by their client portfolios, holds a BSc in Politics with Economics and is a qualified Corporate Treasurer and Management Accountant. He is Chair of the University of Cambridge’s Banking Environment Initiative, and a member of the European Banking Federation’s ESG Taskforce.

14:0015:00

Climate change risk models and methodologies

15:15 - 16:15

  • How do you model climate change risk?

  • Utilising and assessing data 

  • Understanding modelling methodologies

    • Temperature alignment

    • Pacta methodology 

    • Climate change applied to credit risk

  • The issue of standardisation

  • Challenges in modelling climate change risk

Urata Biqkaj

Manager, climate risk and impact

PwC

Urata Biqkaj is Manager at PwC. She advises financial institutions on sustainability issues with a clear focus on climate risks and opportunities and the decarbonization of their portfolios. 

She has been leading climate-related projects both on the risk and on the impact side. On the risk side she has been implementing scenario analysis in line with TCFD recommendations for large banks with a focus on loan portfolios and project finance and for asset managers with a focus on equities and fixed income products. On the impact side she has helps financial institutions set science-based targets for their portfolios according to e.g. SBTi FI Financial institutions and other relevant initiatives, e.g. Net Zero Asset Owner Alliance, IIGCC & more. 

Radka Margitova

Director, financial services risk consulting, credit risk and ESG risk

PwC

Radka Margitova is Director in PwC, who helps financial institutions to deal with their challenges around finance and risk regulations, credit risk management, data & reporting, credit risk modelling, processes & governance and the holistic ESG risk integration in risk management. 

Radka has a quantitative background - master’s degree in financial mathematics - with over 13 years of experience in risk management in the financial sector. She has led a number of significant engagements with a particular focus on credit risk, ESG risk integration, stress test and IFRS 9. Since joining PwC in 2015 she is founding member of the international PwC IFRS 9-Impairment Task Force, is Basel IV work stream leader credit risk and currently she leads the PwC European network of EBA Guideline on Loan Origination and Monitoring and the PwC ESG risk integration initiative. 

15:0015:15

Break

15:00 - 15:15

15:1516:15

Incorporating climate change risk strategies

14:00 - 15:00

  • Embedding climate change risk management into existing risk management frameworks 

  • Adopting key risk indicators to monitor climate risks

  • Using self-assessments 

    • Identify how climate change risk manifests in existing financial/non-financial risk types

    • What is the position of portfolios currently?

  • Setting supervisory expectations

  • How can climate change impact each separate risk category

    • Incorporating this into risk management tools

Richard Folland

Managing director

Climate & Energy Associates

Richard Folland has over 30 years’ experience as a strategic policy adviser and advocate, and he has worked on climate change and energy since 2004.

A long-time British diplomat and former head of UK Government international energy policy, he has also worked for JPMorgan and with institutional investors - running a joint venture Sustineri that focused on climate and sustainability. Richard is the government and policy affairs adviser to the financial think-tank, Carbon Tracker Initiative. He also advises companies on climate change and the energy transition, with a focus on strategy, risk and opportunity.

14:0015:00

Data management for climate change risk

14:00 - 15:00

  • Types of data required − financial vs. non-financial data

  • Adjusting data collection processes to effectively evaluate climate change risks

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

  • Leveraging additional data sources

  • Current industry challenges

Monica Filkova

Climate and sustainable finance advisor

Monica Filkova, CFA is a debt finance professional with a focus on climate and sustainable finance analytics, market research, criteria definitions, and strategy. Between 2017-2020 was Head of Market Intelligence at climate finance NGO Climate Bonds Initiative, and more recently, Director, Sustainable Finance at Fitch Ratings. She chairs the Certificate in Climate and Investing Panel, convened in 2020 to advise CFA UK on the development of a climate and investing qualification, and is a member of the ESG Panel, which is responsible for the Certificate in ESG Investing launched by CFA UK in 2019.

Prior to pivoting to sustainable finance, Monica’s focus was on property finance and debt capital markets. Starting in property consulting with Arthur Andersen, she moved on to real estate investment banking with Deutsche Bank, then into large loan origination and CMBS, becoming Head of Structuring – Debt Capital Markets at Eurohypo. After the Global Financial Crisis, she was involved in CMBS restructuring (Brookland Partners), bank property debt exposure and policy assessments (Alvarez & Marsal) and credit research (Chalkhill Partners), among other mandates.

Monica is a CFA charterholder. She holds a Master of Management degree from Cornell University, USA, and a BBA from the American University in Bulgaria.

15:0015:15

Break

15:00 - 15:15

15:1516:15

Climate scenario analysis and stress testing

16:15 - 17:00

  • What is 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

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

  • Benefits and challenges of conducting scenario analysis

  • Scenario analysis examples

Peter Plochan

EMEA principal risk management advisor

SAS

Peter Plochan is the EMEA Principal Risk Management Advisor at SAS who helps financial institutions to deal with their challenges around finance and risk regulations, enterprise risk management, risk governance, forward looking risk analysis, stress testing, model risk management, risk modelling and climate change risk management. 

Peter has a finance background (Master’s degree in Banking) and is certified Financial Risk Manager (FRM) with 14 years of experience in risk management in financial sector. He has assisted various banking and insurance institutions with large-scale risk management implementations while working both internally and also externally as a risk management advisor (PwC). Since joining SAS in 2014, Peter serves as a global acting domain expert - leveraging the latest trends in risk analytics & technology with his deep risk management & finance expertise. 

Peter also acts as the Risk Management trainer for PRMIA (Professional Risk Management International Association) where he developed and delivers training on Model Risk Management and ERM & Stress Testing for the global risk community. Peter regularly speaks & presents at risk events/webinar and publishes risk management thought leadership materials.