“We are at an important moment. Climate change is posing significant risks to the financial system. Detailed reports have been published. Eloquent words have been spoken. It is time to convert those words into action.”
Michael J. Hsu, Acting Comptroller of the Currency, November 2021 Global financial regulators have made clear their plans to expand the use of climate stress tests resulting in increasing expectations from financial institutions. Firms that do this right will gain insights into their climate-related exposures and be better prepared to thrive in a changing world.
This half-day workshop will present invaluable insights and facilitate practical discussions for building climate change stress testing frameworks, quantifying the risks and effectively integrating climate risk stress testing processes into business decision-making. Through insights from Metro Bank and Kamakura, attendees will:
- Understand global regulatory requirements and where ESG sits within risk management
- Explore how to develop an effective climate risk stress testing framework
- Review suggested approaches, key challenges faced, and climate risk scenario analysis
- Determine how to integrate climate risk stress testing processes into business decision making and into the organisations’ existing stress testing framework
Suresh Sankaran
Suresh Sankaran is the Head of Model Risk, Validation, & Governance at Metro Bank, where he oversees all aspects of model risk and other risk-related governance. He advises on factors that senior management and Board should collectively consider when overseeing the bank’s model governance and risk management framework and policies. He is responsible for the independent validation of all bank models and is also accountable for regulatory liaison on all matters relating to model risk.
Suresh has over 30 years’ experience in the realm of strategic consulting, compliance, audit, and risk management. He has held leadership roles managing several facets of risk management, most notably credit, liquidity, and balance sheet management.
Suresh has advised banks, governments, and other financial services organisations on all facets of risk management, and has acted as a second pair of eyes to assure the soundness and financial sustainability of client portfolios.
Suresh is a ranking Chartered Accountant, and holds a Bachelor’s degree in Finance & Accountancy. He has diverse interests including Indian Classical Music, Skydiving, P G Wodehouse, and Pink Floyd.
