I'm mostly interested in knowing what banks are doing in Ireland and other Western European countries. I know, from Google searches, that banks are currently doing climate risk stress-testing, but I'm finding it difficult to find any website that really explains what kind of modelling is involved. I have also been unable to find descriptions of what modelling banks are CURRENTLY doing (there's lots of high-level material about what the FUTURE of climate modeling might look like, rather than what banks are actually modelling NOW). Also, does anyone know of other types of climate-related modeling that banks are currently using (apart from climate risk stress-testing). Even though I'm mainly interested in Western Europe, I'd still welcome any answers from other parts of the world, including North America. Thanks in advance.

  • $\begingroup$ I think climate-related modeling is extremely hard and a lot of ink is spilled on it. You might want to start here bankofengland.co.uk/climate-change/climate-financial-risk-forum. That link has several reviews of current practice, but I would sound a note of caution. A recently produced paper (actuaries.org.uk/media/qeydewmk/…) rubbishes a lot of climate modeling. $\endgroup$ Nov 13, 2023 at 14:11
  • $\begingroup$ @TimWilding, thanks for the starting point here. i'm reading through that bank of england material now. thanks $\endgroup$ Nov 13, 2023 at 19:05
  • 1
    $\begingroup$ Is this answer by @Dimitri Vulis of any help? $\endgroup$
    – AKdemy
    Nov 13, 2023 at 22:11


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