This short paper proposes the idea that the characteristics of climate risk cannot be properly modeled by the usual approaches, especially statistical ones. This idea is based on the principle that, unlike other risks, climate risk does not have a standard distribution profile, since it evolves. This leads to the question, in the long term, of the future coverage of this risk by banking institutions.
Climate risk in the banking industry: the challenges to 2050
- Finance, Risk & Compliance
- Posted on May 31, 2022

B. Genest
Partner at the London office. He is specialized in Risk & Finance and head of Global Research & Analytics.
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