Dr. Peter Raskin
Dr. Susanne Emmer-Steudler
In the last years climate change harbored so-called physical risks for all financial and non–financial market participants. For example, climate-related natural disasters and their follow-up costs increased.
On the other hand, financial institutions can be indirectly affected by so-called transition risks, e.g. due to intervening climate policy measures. For example, illiquid assets in affected industrial sectors could face increased valuation risks on financial institutions’ balance sheets.
Under applicable law, financial institutions are fundamentally obliged to identify, assess and adequately deal with significant climate-related financial risks. They need to further develop their instruments and processes. TCFD (Task Force on Climate) provides a set of recommendations designed to help organizations in disclosing clear, comparable and consistent information about the risks and opportunities presented by climate change. Together with the SNB and academia, FINMA is currently analyzing the transition risks of the two big banks. Moreover, FINMA is reviewing approaches to improve the disclosure of financial climate risks by major financial institutions.
Our keynote speakers aim to discuss the road ahead for regulatory challenges around the existing transparency obligations for climate risks.
Dr. Peter Raskin, CEO, Bergos AG
Marc Paasch, Head Europe Risk & Analytics, Willis Towers Watson
Dr. Susanne Emmer-Steudler, Risk Management, Division Insurance, FINMA
moderated by Ruxandra Farkas and Ioannis Akkizidis
In our chapter events – access for members only – we present one or more speakers to share knowledge, updates and best practises on a specific risk topic. In small groups of risk professionals you can exchange thoughts and test ideas. More on SRA chapters. This event is hosted by the chapter Regulatory Developments.
Climate change, ESG, and transitions risks: regulatory challenges
24. November 2021
18:00 - 19:30
Venue: University Zurich (KOL-G-212)
Room and Coronavirus protection at UZH
- KOL-G-212 is very spacious with 46 places