Raffaele Passaro

Director
European Central Bank

Session

REGULATION
Reviewing the new EBA exercise and integrating this into stress tests

Biography

Raffaele Passaro is a seasoned professional in the realm of stress testing and risk analysis. Currently serving as Team leader for Climate Stress Test (CST) at the European Banking Authority, he brings over 15 years of experience to the table.

Prior to his role at the EBA, Mr. Passaro held positions at the European Central Bank (ECB) in the Research Department and in the Financial Stability Department. He started his professional career within the Financial Research Department of Bank of Italy.

In his current capacity, Mr. Passaro has been actively involved in the design and execution of EU-wide stress tests since 2012. His responsibilities also extend to coordinating EBA’s preparatory work for building up an EU-wide CST. Within the EBA, he is also co-chairing the EBA sub-group on CST.

Internationally engaged, Mr. Passaro represents the EBA in various global forums on climate risk stress testing and scenario analysis, collaborating with entities such as NGFS, BIS, and ESRB.

With expertise in stress testing methodologies, climate risk stress testing, and risk analysis, Mr. Passaro’s contributions have played a role in shaping discussions within the European financial sector.