Risk managers urge consolidation of climate scenarios

Converging financial and corporate scenarios would provide better data for stress-testing

Climate-scenarios

Risk management experts are urging financial regulators to consolidate their climate risk scenarios with those produced by the International Energy Agency (IEA). They believe this would make it easier for banks to collect the data needed from corporate clients to model climate risk.

At present, the financial regulators’ Network for Greening the Financial System is producing its own scenarios – most recently in June 2021 – for use in activities such as the climate stress-testing of banks.

“Glob

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