How should firms stress test for climate change?

Richard BennettClimate Risk, Enterprise Risk ManagementLeave a Comment

Climate change creates risks to both the safety and soundness of individual firms and to the stability of the whole financial system. These are already starting to crystallise and have the potential to increase substantially in the future. The challenge for firms is considerable, and perhaps not unlike that posed by market risk and capital adequacy requirements in the 1990s. … Read More