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The challenge of capturing climate risks in the banking regulatory framework: is there a need for a macroprudential response?

Author

Listed:
  • Baranović, Ivana
  • Busies, Iulia
  • Coussens, Wouter
  • Grill, Michael
  • Hempell, Hannah S.

Abstract

This article analysis the challenges of incorporating climate risks and their unique features in the existing prudential framework and explores potential avenues for addressing gaps identified in the banking framework. JEL Classification: Q54, G28, G21

Suggested Citation

  • Baranović, Ivana & Busies, Iulia & Coussens, Wouter & Grill, Michael & Hempell, Hannah S., 2021. "The challenge of capturing climate risks in the banking regulatory framework: is there a need for a macroprudential response?," Macroprudential Bulletin, European Central Bank, vol. 15.
    • Handle: RePEc:ecb:ecbmbu:2021:0015:1
    Note: 1056838
    as

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    File URL: https://www.ecb.europa.eu//pub/financial-stability/macroprudential-bulletin/html/ecb.mpbu202110_1~5323a5baa8.en.html
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    Citations

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    Cited by:

    1. María J. Nieto & Chryssa Papathanassiou, 2024. "Financing the orderly transition to a low carbon economy in the EU: the regulatory framework for the banking channel," Journal of Banking Regulation, Palgrave Macmillan, vol. 25(2), pages 112-126, June.
    2. Grill, Michael & Popescu, Alexandra & Rancoita, Elena, 2024. "Climate transition risk in the banking sector: what can prudential regulation do?," Working Paper Series 2910, European Central Bank.
    3. Chiara Colesanti Senni & Maria Sole Pagliari & Jens van ‘t Klooster, 2023. "The CO2 content of the TLTRO III scheme and its greening," Working Papers 792, DNB.
    4. Chabot, Miia & Bertrand, Jean-Louis, 2023. "Climate risks and financial stability: Evidence from the European financial system," Journal of Financial Stability, Elsevier, vol. 69(C).

    More about this item

    Keywords

    Climate risk; macroprudential policy; prudential framework;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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