European banks are building out their risk models to better prepare for the fallout from climate change, with some even...
climate stress tests News
The European Union is starting to prepare the region’s next stress test to measure the financial sector’s readiness for climate...
The European Central Bank will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring...
A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least...
Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people...
Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and...
LONDON – Banks and insurers that fail to manage climate risks as a “first-order” issue could face a 10% to...
LONDON – Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator...
TOKYO – As the world tries to price the cost of climate change, Japan’s second largest non-life insurer MS&AD foresees...
TOKYO – Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort...