18th INTERNATIONAL CONFERENCE
CREDIT 2019
Assessing and Managing Climate Change Risk:
Opportunities for Financial Institutions
Venice, Italy
26 –27 September 2019
GRETA Associati (Venice, Italy), European DataWarehouse (Frankfurt am Main, Germany), Intesa Sanpaolo (Milan, Italy) and S&P Global Market Intelligence (London, UK) are co-sponsors of a Conference to be held in Venice on September 26-27, 2019. The objective of the Conference is to bring together academics, practitioners and PhD students working in the area of risk management. The conference will provide an opportunity for participants engaged in research at the forefront of this area to discuss both the causes and implications of recent financial and atmospheric events and may, in turn, suggest fruitful directions for future research. The Conference, organised under the auspices of the Department of Economics of the University Ca’ Foscari of Venice, ABI - Italian Banking Association, AIAF - Associazione Italiana per l'Analisi Finanziaria and the Joint Research Center, European Commission (Ispra, Italy), is the eighteenth of a series dedicated to various aspects of credit risk.
The adoption of the Paris Agreement on climate change and the UN 2030 Agenda for Sustainable Development marks a historical international commitment to the objective of a more sustainable economy and society. How to mobilise the necessary financing for green and sustainable investments is thus a primary need.
Meanwhile, Regulators are discussing about a green-supporting or a brown-penalising factor since they want to make sure financial institutions are prepared. It is to find the way to support sustainable investments but it is primarily a discussion about credit risk.
The banking and insurance industries and more in general the financial sector has to develop new asset management strategies and to adjust their credit allocation practices to cope with these new challenges and take advantage of the new opportunities. All these changes call for a substantial amount of research to improve the knowledge of the mechanisms at play and to design adapted policy tools.
The organizers encourage submissions of papers on any topic within the overall theme of the conference and in the following areas in particular:
· Analysis of climate change effects on companies’ creditworthiness, in terms of risk exposure and possible loss of business continuity; understanding on how to integrate the environmental risk and opportunities of banks’ or insurers’ counterparties in the credit process;
· Development of metrics for climate-related financial risks and investments opportunities; definition of an EU environmental and climate change (ECC) risk categorising system by economic sectors/sub-sectors for ECC screening to provide a sound and reliable basis for setting high-level policies for credit protection and allocation;
· Analysis of the climate change impact on the insurance sector and on the development of non-life and reinsurance products for the corporate and retail segments;
· Analysis of climate-aligned developments in the financial markets (e.g. green bonds) and opportunities for financial institutions in fostering the low-carbon transition.
· Transmission channels of climate-related shocks from the real economy to financial institutions’ portfolios and amplification mechanisms of climate-related shocks through credit chains;
· Assessment of the potential impact of green financial policies, including climate-aligned monetary policies and macroprudential regulation;
· Big data and artificial intelligence to assess and manage the corporate exposures to climate change factors.
The Scientific Committee for the Conference consists of:
· Carlo Carraro (Ca’ Foscari University & CMCC, Programme Chair)
· Stefano Battiston (University of Zurich)
· Monica Billio (Ca’ Foscari University of Venice & GRETA)
· Francesca Campolongo (Joint Research Center, European Commission)
· Robert Engle (New York University, Stern Business School)
· Thomas Heller (Climate Policy Initiative & Stanford University)
· Andreas Hoepner (University College Dublin)
· Steven Ongena (University of Zurich, Swiss Finance Institute, KU Leuven & CEPR)
· Stephen Schaefer (London Business School)
· Cristiano Zazzara (S&P Global Market Intelligence)
CALL FOR PAPERS
The final program will include both submitted and invited papers. Acceptances received so far from invited speakers include Robert Engle (New York University, Stern Business School), Andreas Hoepner (University College Dublin), Irene Monasterolo (Wirtschaftsuniversität Wien, Vienna) and Til Schuermann (Oliver Wyman, New York). The Conference will also feature panel discussions on researchers', practitioners' and policy makers’ views of the major outstanding problems.
Those wishing to present a paper at the Conference should submit by May 31, 2019 to the address given below (preferably in electronic format). Please indicate to whom correspondence should be addressed. Decisions regarding acceptance will be made by June 30, 2019. The final version of accepted papers must be received by August 31, 2019.
Please send papers to:
GRETA Associati
San Polo, 2605 - 30125 Venice, ITALY
Phone : +39 041 5238178
e-mail: [log in to unmask]
More detailed information available on the Conference website:
http://www.greta.it/credit/credit2019/credit2019.htm
-- -- Monica Billio Dipartimento di Economia, Università Ca' Foscari Venezia Fondamenta San Giobbe 873, 30121 Venezia Tel +39 041 2349170, Fax +39 041 2349176 E-mail [log in to unmask] http://www.unive.it/persone/billio http://ideas.repec.org/e/pbi55.html http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=303041 http://scholar.google.it/citations?user=ll83_twAAAAJ&hl=en CREDIT 2019 http://www.greta.it/credit/credit2019/credit2019.htm