We are living in a ‘stress test’ world

  • Climate stress testing has moved up regulators’ agendas but shouldn’t be seen as just another stress test
  • Assuming that climate change is a ‘stress event’ that just has to be weathered understates the permanence of climate risk for financial institutions
  • Regulatory stress testing is valuable where it highlights weaknesses in capacity, governance and data, which take time to fix in order to improve the financial sector’s resilience

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Blake Goud

Blake Goud

130 Followers

Promoting adoption of responsible finance in Islamic markets & Islamic finance. CEO @RFIFoundation.