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Climate-Related Capital Risk & Stress Testing 2023
October 2023
Venue TBCLondon

Thomas Penn
Senior Manager, Central Stress Testing at Lloyds Banking Group

Profile

Tom is a senior manager in Group Stress Testing at Lloyds Banking Group. He has a strong background in capital stress testing and frameworks, forecasting and credit risk, and an interest in the strategic benefits that stress testing can bring to Banks.

The Climate Biennial Exploratory Scenario run by the PRA in Q3 21 was the first widespread exercise performed by the UK Banking Industry which aimed to quantify the climate risk impact on financial services, and Tom brought together various stakeholders across RWA and impairment modelling, climate risk analytics, credit risk management, front line business areas and Group committees to deliver against the requirements of the scenario. Tom is currently coordinating the PRAs 2022 ACS across Lloyds Banking Group.

Prior to his involvement in Group stress testing, Tom played a significant role in delivering enhanced Mortgages forecasting capability at Lloyds – the largest mortgage portfolio in the UK and a material aspect of Lloyds’ overall stressed performance.

Agenda Sessions

  • Developing in-house stress testing capabilities

    09:45