Climate Risk and Financial Intermediaries: Regulatory Framework, Transmission Channels, Governance and Disclosure [Hardcover]

Climate change is defining structural modifications that affect the economy and the financial system. Within Europe, supervisors and supervised entities are increasingly focusing on the consequences of environmental, social and governance (ESG) risks, as they impact the soundness and stability of the financial system or interfere with the transmission channels of monetary policy and price stability, as well as raising sustainability financing issues.

Focusing on climate-related risks within the broader theme of the ESG risks, this book, structured in six chapters, analyzes the evolving overall regulatory framework, the climate risk transmission channels, the peculiarities of climate risk transmission channels with reference to specific business models of financial intermediaries, and the governance and disclosure implications of climate risks. It will be of interest to academics, practitioners, and students in the fields of banking, financial services, sustainability, ESG, andclimate risk.

 1 Climate Risk Scenario.- 2 Regulatory Framework, Standards And Best Practices For The Financial Sector.- 3 Transmission Channels Of Climate Risk.- 4 Integrating Climate Risk Into Commercial Banks Operations.- 5 Insurance Companies.- 6 Governance Implications: The Challenge Of Disclosure.

Elisabetta Gualandri is a Full Professor of Banking and Finance in the Marco Biagi Department of Economics at the University of Modena and Reggio Emilia, Italy, where she is a member of the Center for Studies in Banking and Finance (CEFIN). She is also a Director of the European Association of University Teachers of Banking and Finance  Wolpertinger.

Paola Bongini is a Full Professor of Banking and Finance alÃ9