Policymakers have put forward proposals to ensure that banks do not underestimate long-
term risks from climate change. To examine how lenders account for extreme weather, we …

We investigate how corporate loan costs are affected by climate change-related natural
disasters. We construct granular measures of borrowers' exposure to natural disasters and …

We survey the growing literature on the interaction between climate change, which is likely
associated with a growing intensity and frequency of natural disasters, and the financial …

We examine whether beliefs about climate change affect loan officers' mortgage lending
decisions. We show that abnormally high local temperature leads to elevated attention to …

We study how bank residential mortgage lending standards are affected by risks to the local
economy from natural disasters. We find that banks tighten lending standards in disaster-hit …

We identify the effect of climate change-related regulatory risks on credit reallocation, Our
evidence suggests that effects depend borrower's region, Following an increase in salience …

Not very. We find that weather disasters over the last quarter century had insignificant or
small effects on US banks' performance. This stability seems endogenous rather than a …

We show that lenders charge higher interest rates for mortgages on properties exposed to a
greater risk of sea level rise (SLR). This SLR premium is not evident in short-term loans and …

We find robust empirical evidence that firms in locations with higher exposure to climate
change pay significantly higher spreads on their bank loans. To alleviate the concerns …

We explore the design of climate stress tests to assess and manage macroprudential risks
from climate change in the financial sector. We review the climate stress scenarios currently …