. Specifically, we introduce a measure called CRISK, systemic climate risk, which is the expected capital shortfall of a financial … institution in a climate stress scenario. We use the measure to study the climate-related risk exposure of large global banks in …

change disclosures in this association using a sample of firms across the world. We find that carbon risk is positively …We examine the association between carbon risk and future stock price crash risk and the moderating role of climate … associated with future stock price crash risk, and firm-level climate-change disclosures attenuate the positive effect of carbon …

Climate change has been recently recognised as a new source of risk for the financial system. Several financial …) challenge traditional approaches to macroeconomic and financial risk analysis. Embedding climate change in macroeconomic and … supervisors about the integration of climate change considerations in financial risk assessment …

of this risk and tend to invest in funds with low exposure to brown assets …

This paper develops a framework for the short-term modelling of market risk and shock propagation in the investment … in particular climate risk, with a first-of-its-kind dual view of transition and physical climate risk exposures at the … fund level. So far, while fund managers communicate more aggressively on their awareness of climate risk, it is still …

prevent the accurate assessment of market risk. The assumption is that these gaps can be remedied via disclosure, transparency …

empirically revisit the traditional financial development proxies relationship with economic growth after world's second greatest …