Climate Risks Academy

• Identify climate-related financial risks and the impact of climate change on the financial sector;
• Understand how the financial sector is exposed to the different implications of climate change (from sea level rise to carbon pricing);
• Calculate and quantify climate risks and exposures (e.g., climate scenarios, transition risks);
• Debate the impact of physical risks on the global economy;
• Discuss how climate risks can be incorporated into an institution’ risk management framework and how risk management approaches can be adjusted to capture such risks;
• Comprehend the role of Climate Stress Tests as a key tool for financial supervisors;
• Describe the potential implications of climate change for financial stability;
• Define the need for credible Climate Transition Plans within financial institutions.

In terms of format, this course will be delivered during a 2-day residential course at the EUI premises in Florence (Italy). It will also include interactive practical activities and exercises. Two weeks before the start of the course, participants will be provided with a reading list and selected videos to ensure they can become more acquainted with key issues underpinning the Academy.

The course will take 12 hours to be completed

• € 2150 – Private Sector
• € 1950 – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions
• € 950  – Full-Time Professors, PhD Students, Research Associates

Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register. Seats for academics are limited.

Please note that the payment must be settled one week before the start of the course.

A certificate of attendance will be provided to all participants after the course.

CANCELLATION POLICY

• In case you can no longer attend the course, you are required to inform the organisers by sending an email to fbf@eui.eu in order to free a seat for participants in the waiting list.
• In case of frequent cancellations, FBF reserves the right not to accept further registrations from the same person.

For more details, please contact fbf@eui.eu

Sunday 1 October 2023

19:30 | Aperitivo (Downtown Florence, Rooftop)

Monday 2 October 2023

09:15 – 09:45 | Presentation of the School, of Oliver Wyman and of the Academy followed by a Tour de Table 

09:45 – 11:15 | Session 1 – Intro Session: Defining, measuring, and managing climate-related financial risks led by Pierre Monnin (CEP)

11:15 – 11:45 | Coffee Break

11:45 – 13:00 | Session 2 – Deep-Dive Session: Physical Risks and illustrative examples led by Ilya Khaykin (Oliver Wyman) and by Beverly Adams (Marsh)

13:00 – 14:00 | Lunch

14:00 – 15:15 | Session 3 – Deep-Dive Session: Transition Risks and illustrative examples led by Alban Pyanet (Oliver Wyman)

15:15 – 15:45 | Coffee Break

15:45 – 17:15 | Session 4 – Practical Activity: Exercises on Physical and Transition Risks led by Ilya Khaykin (Oliver Wyman) and by Alban Pyanet (Oliver Wyman)

17:15 – 19:00 | Refreshments

19:00 – 21:00 | Dinner

 Tuesday 3 October 2023

09:00 – 09:15 | Coffee Break

09:15 – 09:45 | Interactive Recap of Day 1 led by EUI and OW

09:45 – 11:15 | Session 5 – Deep-Dive Session: Climate Stress Tests – A global overview led by Paul Hiebert (ECB) and by Michala Marcussen (SocGen)

11:15 – 11:45 | Coffee Break

11:45 – 13:00 | Session 6 – Deep-dive Session: Financial institutions’ Transition Plans: What are the different types of transition plans? What purpose do TPs serve in the context of risk management? led by Agnieszka Smoleńska (Institute of Law Studies of the Polish Academy of Sciences) and by Simon Dikau (LSE)

13:00 – 14:00 | Lunch

14:00 – 15:30 | Session 7 – Practical Activity: Drafting a Bank ‘Net zero’ Transition Plan led by Susannah Fitzherbert Brockholes (HSBC), Agnieszka Smoleńska (Institute of Law Studies of the Polish Academy of Sciences) and by Simon Dikau (LSE)

15:30 – 16:00 | Coffee Break

16:00 – 17:30 | Session 8 – Roundtable: The Frontier

Panel debate moderated by Andrea Federico (Oliver Wyman)

Panellists:

• Kern Alexander (University of Zurich and FBF/EUI)
• Susannah Fitzherbert Brockholes (HSBC)
• Michala Marcussen (SocGen)
• Pierre Monnin (CEP)
• Reiner Martin (National Bank of Slovakia)

17:30 – 18:30 | Refreshments and end of the Academy