Richard Berner, clinical professor of finance at the Stern School of Business, New York University, joins Natalia Ospina, deputy head of reports, OMFIF. They take a deep dive into the climate stress testing methodology that he developed with Nobel Prize in Economics winner Robert Engle and Hyeyoon Jung, financial economist at the Federal Reserve Bank of New York, which gauges the resilience of financial institutions to climate-related risks.
They discuss in detail how climate change could lead to a substantial increase in systemic risks in the banking sector. Financial institutions could find themselves looking to raise $70bn-$90bn, or between 20% to 30% of their equity to restore their prudential capital ratios as a result of climate change.
OMFIF: Corona Capital Markets Roundtable with EIB, CEB and DZ
Chinese recovery: Facing global slowdown and domestic headwinds
Week in review: Oil prices drop, Europe's future crisis management, and helicopter money's unearned popularity
Digital currencies: A question of trust
Covid-19: Implications for international financial regulation
Synopsis: Life after Covid-19, Trump's trumped takeover, and more
In conversation with EBRD: Why good governance matters
Outlook for Malaysia amidst political uncertainties
Synopsis: China's recovery, ECB coronavirus response, and how the pandemic will change the world economy
Global liquidity in the time of Coronavirus
FedTalk: Communicating crisis response and the need for coordination
China and the economic impact of coronavirus Part II
Synopsis: Coronavirus special
Charlie Bean: Back to normality
Bank of Japan: Monetary easing unlimited
Investing in digital infrastructure
Synopsis: Central banks v coronavirus, Biden's surge, and more
Lamont analyses end of austerity
Ahead of the ECB: Responding to coronavirus
Synopsis: Coronavirus with a side of gender balance
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast