The Autorité de contrôle prudentiel et de résolution (ACPR) publishes the results of its climate pilot exercise
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Project newsX
5 May 2021
This exercise is a world first, and consists of an assessment, conducted by a supervisor with the banking groups and insurance undertakings under its remit, of the financial risks associated with climate change scenarios, including some of those published by the NGFS last June. It illustrates the commitment and efforts of the Banque de France, the ACPR and the Paris financial centre to combat climate change. It also underlines the need for financial institutions and supervisors to step up their response to the climate emergency.