Climate Risk Analysis in the IMF’s Financial Sector Assessment Program
Event Details
Free to members
Date and Time
Mon, 29 September 2025
14:30 - 15:30
Location
Event Details
Free to members
Date and Time
Mon, 29 September 2025
14:30 - 15:30
Location
This event will provide members with an overview of the IMF staff’s approach to assessing the impact of climate change on banking sector stability risks conducted in the context of the IMF Financial Sector Assessment Program (FSAP).
After discussing some basic concepts about climate-related risks (both transition and physical) and explaining some of the technical terms and concepts used in this work, our speaker will explain the approach to standard risk analysis in FSAPs and how this is modified to incorporate climate risk.
Different approaches to the analysis of physical and transition risk will then be discussed, together with their implications for the macro-economy, across sectors in the real economy and different geographies, and how all these effects map into the banking sector. Examples of applications from recent FSAPs will be explored and the many challenges confronting this work will also be discussed, including data gaps and uncertainty regarding climate projections and long simulation horizons.
There is 1 CPD hour for the following designation:
Professional Banker
Chartered Banker
Certified Bank Director
Certified Investment Fund Director
Fellow of Compliance Institute (Ethics)
Fellow of Compliance Institute (Compliance)
Certified Ethics and Culture Advisor
Certified Sustainable Finance Compliance Professional
Accredited Funds Professional
Pierpaolo Grippa
Senior Economist in the Financial Assessment and Policies Division of the IMF’s Monetary and Capital Markets Department
Pierpaolo Grippa is a Senior Economist in the Financial Assessment and Policies Division of the IMF’s Monetary and Capital Markets Department. He currently leads the Angola FSAP, led the Kazakhstan FSAP (2022-24), and participated in other eight FSAPs in different roles (banking expert, Basel Core Principles’ assessor, solvency/liquidity stress tester, scenario-based climate risk assessor) in advanced economies and emerging markets.
He led or conducted several technical assistance missions, published working papers and on journals, and contributed to policy analysis for the financial sector. Prior to joining the IMF, in 2013, he had worked at the Banca d’Italia in banking supervision, leading the work on internal model validation and participating in several working groups at the BCBS and, since 2008, as head of division in the policy and regulation department. Pierpaolo holds a Ph.D. in Economic Analysis from the University of Rome – “La Sapienza” and an M.A. in Economics from the University of Essex
