Antonio Scalia is the Head of the Financial Risk Management Directorate at the Bank of Italy and a member of the ECB's Risk Management Committee. He earned the Laurea in Economics with honours from LUISS University in Rome, an [...]. in Economics from the LSE and a Ph.D. in Finance from the London Business School. He has published many articles on leading international economic and finance journals on issues including monetary policy implementation and bank regulation, the sovereign bond market, and the effectiveness of foreign exchange intervention.

Reviews state-of-the-art ESG indicators for asset managers with numerical examples

Shows how to integrate sustainability criteria into asset management

Describes advanced financial risk management techniques for institutional investors

Chapter 1. Financial Risk Management and Climate Change Risk.- Part 1. Monetary Policy and Financial Risk Management.- Chapter 2. The Cost of Unconventional Monetary Policy Measures. A Risk Manager's Perspective.- Chapter 3. The Eurosystem Collateral Framework and the Measures Introduced in Response to the Pandemic Emergency.- Chapter 4. Sovereign Ratings.- Chapter 5. The Bank of Italy's In-House Credit Assessment System for Non-Financial Firms.- Chapter 6. The Role of Rating Agencies: Implications for the Financial System and Central Banks' Efforts to Reduce their Reliance.- Chapter 7. The Incorporation of Climate Change Risk in the Eurosystem Monetary Policy Framework and the Decarbonisation of the Corporate Bond Portfolio.- Part 2. The Integration of Climate Change in Financial Risk Management.- Chapter 8. The Commitment to Sustainability in Financial Investments.- Chapter 9. The Strategic Allocation and Sustainability of Central Bank Investments.- Chapter 10. Machine Learning, ESG Indicators, and Sustainable Investment.- Chapter 11. The Global Green Bond Market.- Chapter 12. The Exposure of Investments to Climate and Environmental Risks.