Publié le 9 janvier 2023
–
Mis à jour le 30 septembre 2023
Date(s)
le 2 février 2023
Lieu(x)
14H00- 15h30 Salle Picasso
GREDEG - Bâtiment 2 - Campus Azur du CNRS - 250 rue Albert Einstein - SOPHIA ANTIPOLIS
GREDEG - Bâtiment 2 - Campus Azur du CNRS - 250 rue Albert Einstein - SOPHIA ANTIPOLIS
Title:
"Risk and sustainability in financial networks"
Abstract:
I discuss some key insights from financial network models for systemic risk and for climate-related financial risk, two areas of interest for financial risk management and sustainable finance. Financial network models enable quantifying how externalities at the micro-level build up at the macro-level through chains of financial contracts and other interactions. The relationship between network structure and systemic risk is complex and still not widely understood in the discipline. Climate-related financial risks have gained the attention of scholars and decision-makers only more recently. In this regard, I discuss some key challenges to quantifying financial risk in the face of uncertain climate scenarios, approaches for financial valuation, and climate stress tests at financial institutions.
Short Bio :
Stefano Battiston is Associate Professor in Sustainable Finance and Networks at the University of Zurich and vice-chair of the Center of Competence for Sustainable Finance. He also holds a part-time permanent position as Associate Professor at Ca' Foscari, University of Venice, Italy. He is Lead Author in the chapter Finance and Investment of the sixth Assessment Report of the Intergovernmental Panel on Climate Change. Stefano is a leading scholar in sustainable finance with a profile of high scientific and societal impact. He has made several advances in the scientific understanding of the relation between financial interconnectedness, risk and financial stability. He has also directed an influential and growing stream of research on climate-related financial risk. He has co-authored more than 50 publications, including on top journals such as Management Science, Science, PNAS, Nature Communications and Nature Climate Change.
More about Stefano BATTISTON
"Risk and sustainability in financial networks"
Abstract:
I discuss some key insights from financial network models for systemic risk and for climate-related financial risk, two areas of interest for financial risk management and sustainable finance. Financial network models enable quantifying how externalities at the micro-level build up at the macro-level through chains of financial contracts and other interactions. The relationship between network structure and systemic risk is complex and still not widely understood in the discipline. Climate-related financial risks have gained the attention of scholars and decision-makers only more recently. In this regard, I discuss some key challenges to quantifying financial risk in the face of uncertain climate scenarios, approaches for financial valuation, and climate stress tests at financial institutions.
Short Bio :
Stefano Battiston is Associate Professor in Sustainable Finance and Networks at the University of Zurich and vice-chair of the Center of Competence for Sustainable Finance. He also holds a part-time permanent position as Associate Professor at Ca' Foscari, University of Venice, Italy. He is Lead Author in the chapter Finance and Investment of the sixth Assessment Report of the Intergovernmental Panel on Climate Change. Stefano is a leading scholar in sustainable finance with a profile of high scientific and societal impact. He has made several advances in the scientific understanding of the relation between financial interconnectedness, risk and financial stability. He has also directed an influential and growing stream of research on climate-related financial risk. He has co-authored more than 50 publications, including on top journals such as Management Science, Science, PNAS, Nature Communications and Nature Climate Change.
More about Stefano BATTISTON
Date(s)
Le
2 février 2023 14:00
- 15:30
