Financial Institutions
News, insights and thought leadership for re/insurance professionals with an interest in FI.

N.Y. DFS Issues 2021 Update on New York Domestic Insurers’ Management of the ‎Financial Risks from Climate Change - JDSupra

The New York Department of Financial Services (DFS) issued its 2021 Update on New York Domestic Insurers’ Management of the Financial Risks from...
The New York Department of Financial Services (DFS) issued its 2021 Update on New York Domestic Insurers’ Management of the Financial Risks from...
jdsupra.com / Article / 13 days ago

Interlinked climate risks could ripple through euro zone, ECB study says - Reuters

Climate shocks could quickly ripple through the euro zone economy as financial interlinkages amplified dangers and losses, a study by the European Central Bank and the EU's risk watchdog, the European Systemic Risk Board, said on Tuesday.
Climate shocks could quickly ripple through the euro zone economy as financial interlinkages amplified dangers and losses, a study by the European Central Bank and the EU's risk watchdog, the European Systemic Risk Board, said on Tuesday.
reuters.com / Article / 14 days ago

ECB climate stress test flags $71 billion risk to euro zone banks - Reuters

A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone's largest banks...
A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone's largest banks...
reuters.com / Article / 1 month ago

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