Central Bank Climate Stress Tests

Central Bank Climate Stress Tests

Amit Kara

30 years: Macroeconomist

In the final video of this series, expert economist, Amit Kara talks about stress testing. Stress tests are conducted by financial institutions or regulators to assess the resilience of financial institutions or the financial system as a whole. This video focuses specifically on climate stress testing.

Foundational

In the final video of this series, expert economist, Amit Kara talks about stress testing. Stress tests are conducted by financial institutions or regulators to assess the resilience of financial institutions or the financial system as a whole. This video focuses specifically on climate stress testing.

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Central Bank Climate Stress Tests

17 mins 42 secs

Overview

As banks begin to wake up to the climate crisis, they have embarked on stress tests that specifically focus on climate risks. In this video, Amit outlines the scope and objectives of a climate stress test exercise. He then summarises the climate scenarios that have been used by these central banks for their climate stress test exercises.

Key learning objectives:

  • Understand the objectives and scope of a climate stress test

  • Assess the climate scenarios used by banks for a climate stress test

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Summary
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Expert
Amit Kara

Amit Kara

Amit is Associate Research Director for Global Macroeconomic Analysis at NIESR. He is a macroeconomist with experience in central banking, investment banking, commercial banking and corporate credit rating. He has most recently worked at HSBC where he helped design the forward economic guidance input for IFRS 9. Amit is currently working on two substantial research projects related to the macroeconomic impact of climate change.