Climate risk managers debate role of client transition plans

Banks hope for guidance on whether to include changes in client behaviour in long-term scenarios

Climate change

Risk managers are grappling with how to incorporate client transition plans into their projections for potential losses due to climate change – or even whether to include them at all.

Benjamin Wong, head of portfolio analytics in the risk management group at Singapore’s DBS Bank, described as “high-level” the typical climate risk scenarios like those designed by regulators’ Network for Greening the Financial System (NGFS). Consequently, banks have room for a huge range of different assumptions

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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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