文章基本信息

标题：The challenge of capturing climate risks in the banking regulatory framework: is there a need for a macroprudential response?
本地全文：下载
作者：Ivana Baranović ; Iulia Busies ; Wouter Coussens 等
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：This article explores the challenges of incorporating climate risks and their unique features in the existing prudential framework. It discusses gaps in Pillar 1 [2] of the prudential banking framework before exploring potential avenues for addressing them. As climate risk is an unprecedented threat, accurately capturing its impact on bank balance sheets poses a major challenge and necessitates innovation in forward-looking modelling and granular data. To ensure financial stability, the unique features and the systemic dimensions of climate-related risks may require the application of macroprudential policies complementary to banks’ own risk management and direct supervision. Such complementary macroprudential and supervisory approaches may be needed to account for the long horizon of climate-related risks and their complex interactions.