What is the relationship between financial risk and climate and disaster risk? As the world is still fighting COVID-19, the issue of “Compound risk: climate, disaster, finance, pandemic” will be debated during the 20th international conference on credit risk evaluation on 23-24 September in Venice, supported by the Institute, on behalf of the EIB Group (EIB and EIF).

The conference brings together academics, practitioners and PhD students working in various areas of financial and credit risk. It is a unique opportunity for participants engaged in research at the forefront of this area to discuss the causes and the implications of recent financial and climate-related events.

Keynote speakers will be Nobel Prize laureate 2003 Robert Engle (Stern Business School, New York University) “Climate financial risks: portfolios and stress tests”, Vittoria Colizza (INSERM-France) on “Pandemic risk and its impacts” and Roberto Rigobon (MIT Sloan School of Management) on “Silencing the noise: ESG confusion and stock returns”.

The EIBURS research project 2019-2022 with Ca’ Foscari University on “Incorporating environmental, social and governance (ESG) criteria in credit analysis and ratings” will be discussed on Thursday 23 September.

Helmut Kraemer-Eis (EIF) -also on the scientific committee of the conference- and Flavia Palanza (EIB) will represent the EIB Group in the discussions.

The conference is organised by the Department of Economics of Ca’ Foscari and the Venice Centre in Economic and Risk Analytics for public policies (VERA-University Ca’ Foscari of Venice), the Italian Banking Association (ABI), Associazione Italiana per l’Analisi Finanziaria (AIAF) and the Joint Research Center, European Commission (Ispra, Italy).

The EIB Group has a cooperation agreement with Credit Risk Evaluation Designed for Institutional Targeting in finance (CREDIT).