Strengthening Financial Supervision in the Era of Climate Risks: Lessons for Climate Stress Tests.
The OMFIF - Magyar Nemzeti Bank Financial Stability conference 2022, jointly hosted by Magyar Nemzeti Bank and OMFIF, brought together policy-makers from across public institutions, the private sector and researchers from around the world to provide insights on financial stability.
On May 27, Irene Monasterolo, Professor of Climate Finance, EDHEC Business School, EDHEC-Risk Climate Impact Institute (ERCII), delivered a keynote lecture in the session "Sustainable finance and implications of climate change in financial risk analysis". The focus of this session was on the fine-tuning of climate risk scenarios and the problem of the lack of detailed data needed for analysis. The latter requires active steps on the part of the financial sector, governments and central banks to improve data availability.
Irene's presentation entitled "Strengthening financial supervision in the era of climate risks: lessons for climate stress tests" mostly focused on the relation between climate change and financial stability from an angle of financial risk.
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
