LEADER 03998oam 2200481 450 001 9910746298903321 005 20231031194224.0 010 $a3-031-33882-0 024 7 $a10.1007/978-3-031-33882-3 035 $a(MiAaPQ)EBC30751941 035 $a(Au-PeEL)EBL30751941 035 $a(DE-He213)978-3-031-33882-3 035 $a(EXLCZ)9928283991500041 100 $a20231006d2023 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aFinancial risk management and climate change risk $ethe experience in a central bank /$fedited by Antonio Scalia 205 $aFirst edition. 210 1$aCham, Switzerland :$cSpringer,$d[2023] 210 4$dİ2023 215 $a1 online resource (323 pages) 225 1 $aContributions to Finance and Accounting Series 311 08$aPrint version: Scalia, Antonio Financial Risk Management and Climate Change Risk Cham : Springer,c2023 9783031338816 320 $aIncludes bibliographical references. 327 $aChapter 1. Financial Risk Management and Climate Change Risk -- Part 1. Monetary Policy and Financial Risk Management -- Chapter 2. The Cost of Unconventional Monetary Policy Measures. A Risk Manager's Perspective -- Chapter 3. The Eurosystem Collateral Framework and the Measures Introduced in Response to the Pandemic Emergency -- Chapter 4. Sovereign Ratings -- Chapter 5. The Bank of Italy?s In-House Credit Assessment System for Non-Financial Firms -- Chapter 6. The Role of Rating Agencies: Implications for the Financial System and Central Banks? Efforts to Reduce their Reliance -- Chapter 7. The Incorporation of Climate Change Risk in the Eurosystem Monetary Policy Framework and the Decarbonisation of the Corporate Bond Portfolio -- Part 2. The Integration of Climate Change in Financial Risk Management -- Chapter 8. The Commitment to Sustainability in Financial Investments -- Chapter 9. The Strategic Allocation and Sustainability of Central Bank Investments -- Chapter 10. Machine Learning, ESG Indicators, and Sustainable Investment -- Chapter 11. The Global Green Bond Market -- Chapter 12. The Exposure of Investments to Climate and Environmental Risks. 330 $aFinancial risk management for institutional investors has recently grown in scope to include long-term sustainability considerations and climate change risk concerns. This book shows how a national central bank in the Eurosystem has adapted its financial risk management principles and practices against the background of non-conventional monetary policy measures and following the introduction of sustainability criteria, with a special role for carbon-neutrality. The topics covered include a market-based approach to evaluating credit risk, the development of an independent credit rating system, and the properties and limitations of agencies? sovereign ratings. Furthermore, the book analyzes the integration of sustainability principles into strategic asset allocation and describes the use of machine learning techniques for discerning the role of the E, S and G variables in equity returns. The authors also discuss the growth of the global green bond market and the greenium, as well as the sustainability indicators for large portfolios of corporate and government securities. Given its scope, the book will appeal to all professionals working in the field who would like to know the state-of-the-art in these areas. 410 0$aContributions to finance and accounting. 606 $aClimatic changes$xRisk management 606 $aFinancial risk management 615 0$aClimatic changes$xRisk management. 615 0$aFinancial risk management. 676 $a658.155 702 $aScalia$b Antonio 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910746298903321 996 $aFinancial Risk Management and Climate Change Risk$93570381 997 $aUNINA