The Institute of International Finance (IIF) has recently published an interesting report, titled ‘Navigating Climate Headwinds: Reference Approaches for Scenario-based Climate Risk Measurement by Banks and Supervisors.’
The Financial Stability Institute (FSI) has published an Insights paper on ‘Stress-testing banks for climate change risk – a comparison of practices.’
The European Insurance and Occupational Pensions Authority (EIOPA) has published a Financial Stability Report examining key risks in the European insurance and pension sector.
The European Insurance and Occupational Pensions Authority (EIOPA) has launched its 2021 insurance stress test. It aims to assess the resilience of the European insurance market in case of adverse financial and economic conditions and identify the market’s vulnerabilities.
How would Europe’s banks fare under seriously adverse conditions – for example if the Covid-19 pandemic is prolonged? We’re set to find out; on 29 January the European Banking Authority (EBA) launched the 2021 EU-wide stress test, and released the macroeconomic scenarios for the test.