Ex-Deutsche CRO: banks face hundreds of billions in climate fines

Banks risk becoming a “whipping dog” in the fight against climate change, says departing risk chief

Climate change: burning dollars

Missteps on the path to a low-carbon economy could cost the banks charged with financing it hundreds of billions of dollars in fines and settlements, one of finance’s longest-serving chief risk officers (CROs) has warned.

Stuart Lewis – who until this month served for a decade as group CRO at Deutsche Bank – compared the onus being placed on banks to help limit global temperature rises to 1.5°C above pre-industrial levels to their designated job on the front line of the fight against money

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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