The EC will provide an overview of the climate risk related work, along with an update on the rationale behind, and the key features of the Fit-For-55 stress testing exercise. There will then be a panel discussion (possibly involving some of the European supervisory institutions and academics) on the main challenges policymakers and researchers face in measuring climate risks and on possible practical solutions to address them, focusing on both transition and physical risks. The discussion will also touch upon the support provided by the Commission through technical support instrument to enhance supervisory authorities’ capacity to access and use data and methodologies enabling to capture the impact of climate risks on various financial institutions and market segments.
