IDEAS home Printed from https://ideas.repec.org/h/pal/psifcp/978-3-030-54530-7_5.html
   My bibliography  Save this book chapter

Sustainability-Related Risks and Financial Stability: A Systemic View and Preliminary Conclusions

In: Sustainability and Financial Risks

Author

Listed:
  • Marco Migliorelli

    (IAE Université Paris 1 Panthéon-Sorbonne (Sorbonne Business School)
    European Commission)

  • Nicola Ciampoli

    (LUMSA University)

  • Philippe Dessertine

    (IAE Université Paris 1 Panthéon-Sorbonne (Sorbonne Business School))

Abstract

This chapter discusses the possible impact of sustainability-related factors (such as climate change, environmental degradation, social inequality, policy and technology shifts) on financial stability. To this extent, it first identifies the areas in which an evolution of the practices of financial intermediaries are necessary to better manage sustainability-related risks. This refers in particular to the existing risk-management frameworks (which may not consider sustainability-related risks) and to the timespan of the risk-taking strategies (which typically underestimate the long-term nature of sustainability-related risks). Hence, the chapter discusses a set of policy actions to both mitigate and control for sustainability-related risks. In this respect, it focuses on the need of evolving the prudential supervisory approaches and on the possibility to assign a more active role to central banks.

Suggested Citation

  • Marco Migliorelli & Nicola Ciampoli & Philippe Dessertine, 2020. "Sustainability-Related Risks and Financial Stability: A Systemic View and Preliminary Conclusions," Palgrave Studies in Impact Finance, in: Marco Migliorelli & Philippe Dessertine (ed.), Sustainability and Financial Risks, chapter 0, pages 119-139, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-54530-7_5
    DOI: 10.1007/978-3-030-54530-7_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psifcp:978-3-030-54530-7_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.