For financial institutions, physical risks can materialize directly, through their exposures to
corporations, households, and countries that experience climate shocks, or indirectly, through …

This paper explores three possible transmission channels for transition risk shocks to the
financial system in Norway. First, we estimate the direct firm-level impact of a substantial …

Pur essendo questo articolo il frutto di un lavoro congiunto degli autori, i primi 3 capitoli
sono a cura di U. Viviani, i capitoli 4 e 5 e le appendici sono curate da P. Grippa. L’introduzione …

Concentration risk is an important feature of many banking sectors, especially in emerging
and small economies. Under the Basel Framework, Pillar 1 capital requirements for credit risk …

There are demands on central banks and financial regulators to take on new responsibilities
for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the …

This paper looks at the issue of too-important-to-fail and provides new estimates of the implicit
funding subsidy received by systemically important banks. The subsidy comes from the …

As with the global financial crisis, there are once again demands on central banks and financial
regulators to take on new responsibilities, this time for supporting the transition to a low-…

Climate change presents risks and opportunities for the real economies and financial sectors
of the IMF’s global membership. Understanding the risks is key to prepare for a successful …

Countries implementing International Financial Reporting Standards (IFRS) for loan loss
provisioning by banks have been guided by two different approaches: International Accounting …