Climate Risk

Climate Risk

Climate Risk | Virtual Workshop

Day 1 – Thursday October 15 2020

08:3009:00

Registration

08:30 - 09:00

09:0010:30

Climate change risk (CCR) management

09:00 - 10:30

  • The need to Identify, assess and manage climate change risks - Overview
  • Climate Change Risk Response – Understanding the Guiding principles TCFD
  • Exposure to climate-related risks - Physical risks
  • Exposure to climate-related risks - Transition risks
  • Treating climate change as a financial risk
  • Integrating climate risk into financial risk management frameworks
  • CCR - What are the potential Risks and Opportunities

10:3011:00

Data management

11:00 - 12:30

  • 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

11:0012:30

Lunch

12:30 - 13:30

12:3013:30

Climate scenario analysis/stress testing

13:30 - 15:00

  • Overview of scenario analysis in the context of climate change risk
  • Benefits and challenges of conducting scenario analysis
  • Climate Change stress testing (BOE/EBA) – making it mandatory
  • Where do I start?
  • Scenario analysis examples and global case studies
  • Can existing scenario models be leveraged?
  • Key challenges
  • Australia’s approach to include more climate change risks in stress testing

13:3015:00

Climate scenario analysis/stress testing

13:30 - 15:00

  • Overview of scenario analysis in the context of climate change risk
  • Benefits and challenges of conducting scenario analysis
  • Climate Change stress testing (BOE/EBA) – making it mandatory
  • Where do I start?
  • Scenario analysis examples and global case studies
  • Can existing scenario models be leveraged?
  • Key challenges
  • Australia’s approach to include more climate change risks in stress testing

15:0015:30

Afternoon Break

15:00 - 15:30

15:3017:00

Disclosures, reporting and governance

15:30 - 17:00

  • Rising pressure for financial disclosure – why?
  • 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

17:0017:00

End of Day One

17:00 - 17:01

Day 2 – Friday October 16, 2020

08:3009:00

Refreshments

08:30 - 09:00

09:0010:30

Central bank perspectives

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

10:3011:00

Morning Break

10:30 - 11:00

11:0000:30

Supervisor perspectives

11:00 - 12:30

  • Implications of climate change for financial stability
  • Supervisor’s roles and responsibilities for climate change
  • 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

00:3013:30

Lunch

12:30 - 13:30

13:3015:00

Investment bank perspectives

13:30 - 15:00

  • 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

15:0015:30

Afternoon Break

15:00 - 15:30

15:3017:00

Course wrap-up

15:30 - 17:00

  • How topics relates to one another
  • Assessing the risks holistically
  • Extended Q&A session

17:0017:00

End of Training Course

17:00 - 17:02