The Office of the Comptroller of the Currency (OCC) is soliciting academic-focused papers and policy-focused research on climate risk in banking and finance for presentation to the OCC, June 6-7, 2022.
The June presentations will provide a platform for interested academic, regulatory, and other experts to meet and provide research on the interaction of climate change and the financial system. The event is limited to invited presenters and discussants of selected papers and OCC staff. The OCC anticipates selecting six to 10 papers for presentation and discussion, and will contact authors of selected papers directly.
Areas of interest include but are not limited to:
- Physical Risk directly arising from climate change
This would include topics such as flood risk to physical bank collateral, most notably real estate; the effect of other natural disasters on the finance or insurance industry; and the methodology behind the models that predict those risks.
- Transition Risk from climate policies, technological innovation, consumer sentiment, or investor sentiment
Net zero goals and their effects on key segments of the finance industry; integrated assessment models and their usage in a climate-risk loss forecasting context.
- Differential Community Impact
The effect that climate-related risks have on potentially vulnerable communities and their access to financial services.
- Climate Risk Modeling and Stress Testing
Methodology and models of approaches that attempt to demonstrate any of these risks on banks and their obligors, along with regulatory experiences with such approaches; reduced form vs. structural approaches.
- ESG Ratings and Regulatory Reliance
Derivation of ESG rating methodologies; their effects on investor behavior and capital flows; regulatory reliance on these ratings across the world.
How to Submit
The OCC is soliciting both academic-focused papers and policy-focused research as it pertains to these topics. Submitted papers must represent original and unpublished research. Please submit papers or one-page extended abstract/executive summary by March 11, 2022, to EconClimateRiskSymposium@occ.treas.gov.
Please indicate whether you would like to volunteer to be a discussant, as well.