Climate Risk and Financial Intermediaries : Regulatory Framework, Transmission Channels, Governance and Disclosure

• Autore: Gualandri Elisabetta
• Pubblicazione: Cham : , : Springer International Publishing AG, , 2024; ©2024
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (204 pages)
• Disciplina: 332.1
• Altri autori: BonginiPaola PierigèMaurizio Di JanniMarina
• Nota di contenuto: Intro -- Disclaimer -- Contents -- About the Authors -- List of Figures -- List of Tables -- 1 Climate Risk Scenario -- References -- 2 Regulatory Framework, Standards, and Best Practices for the Financial Sector -- 2.1 The European Union (EU) Context -- 2.1.1 The European Banking Authority (EBA) -- 2.1.2 The European Central Bank (ECB) -- 2.2 The International Context -- 2.2.1 Supranational Organizations -- Basel Committee on Banking Supervision-BCBS -- Financial Stability Board (FSB) and Task Force on Climate-Related Financial Disclosures (TCFD) -- Network of Central Banks and Supervisors for Greening the Financial System (NGFS) -- United Nations Environment Programme Finance Initiative (UNEP FI) -- 2.2.2 The UK and the US Authorities -- The UK Authorities -- BoE-PRA -- FCA -- CFRF -- The US Authorities -- 2.3 Stress Test Exercises at a Glance -- 2.3.1 Climate Stress Test Exercises Performed by the ECB -- The ECB Economy-Wide Climate Stress Test -- Climate Risk Stress Test -- 2.4 Conclusions -- References -- 3 Transmission Channels of Climate Risk -- 3.1 Transmission Channels and Mechanisms -- 3.2 The Transmission Channels of Physical Risks -- 3.3 The Transmission Channels of Transition Risks -- 3.4 New "Climate-Driven" Transmission Channels: Impact on Risk Modeling -- 3.5 Conclusions -- References -- 4 Integrating Climate Risk into Commercial Banks Operations -- 4.1 The Risk Integration Process: Climate Scenarios and Models -- 4.2 The Lending Process -- 4.2.1 Retail Counterparties -- 4.2.2 Corporate Counterparties -- 4.2.3 Micro, Small, and Medium-Sized Enterprises (MSMEs) -- 4.2.4 The Role of Product Mix in Corporate Risk Management -- 4.2.5 Transfer of the Climate Risk on the Creditworthiness Measurement Systems of the Borrower -- 4.3 Climate Risk and the Finance Area -- 4.3.1 Treasury, ALM, and Property Portfolio. ; 4.3.2 Derivatives Desk, Investment Banking, Corporate Solutions, and Trading Portfolio -- 4.3.3 Climate Risk and Asset Management -- 4.4 Conclusions -- References -- 5 Insurance Companies -- 5.1 Impacts of Climate Change Risk on the Insurance Business -- 5.2 The Integration of Climate Change Risk into the ORSA -- 5.3 The Impacts of Climate Risk on the Business Model of Insurance Companies -- 5.4 Conclusions -- References -- 6 Governance Implications: The Challenge of Disclosure -- 6.1 ECB Expectations on Information and Disclosure -- 6.2 Standards of Disclosure -- 6.2.1 International Initiatives -- Taskforce on Climate-Related Financial Disclosures (TCFD) -- CDP-Carbon Disclosure Project -- SABS Standards -- SBTi-Science-Based Target Initiative -- NZBA - Net-Zero Banking Association -- 6.2.2 EU Initiatives -- NFRD-Non-Financial Reporting Directive-And CSRD-Corporate Sustainability Reporting Directive -- EU Taxonomy-EU Regulation 2020/852 -- 6.3 Reporting to Management Bodies -- 6.4 Communication with the Market and Investors -- 6.5 Conclusions -- References -- List of Contributors -- Scientific Coordinators -- AIFIRM Coordinators -- Steering Committee -- PMO Coordinators-PROMETEIA -- References -- Index.
• Titolo autorizzato: Climate Risk and Financial Intermediaries
• ISBN: 3-031-54872-8
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910845477403321
• Lo trovi qui: Univ. Federico II
• Serie: Palgrave Macmillan Studies in Banking and Financial Institutions Series