Afme survey: EU banks overshoot climate stress test demandsBy Ellesheva Kissin
June 26, 2023
European banks are running climate stress tests more often than mandated amid concerns that the regulator’s existing tests underestimate the full impact of the climate crisis, finds a new report.
The Association for Financial Markets in Europe (Afme) report, published jointly with consultancy firm Oliver Wyman on 22 ...
October 27, 2022
Central banks report good progress on developing climate stress testing but critics point to weaknesses, including difficulties in modelling for catastrophic shocks to financial stability. Looked at from one perspective,...Read more