It is increasingly evident that climate change will have negative implications for financial stability. Banks are being called upon to integrate and develop climate-related risk indicators and strategies.
This panel will discuss the implications of COP26 for financial sector commitments to net zero, the effects of climate change on credit and liquidity risk, as well as the latest developments in central bank stress testing and scenario analysis tools. Considerations of ecological and biological degradation are also increasingly high on the agenda, and panellists will consider the challenges and opportunities arising from assessing nature-related financial risks.
Panellists:
Peter Cashion
Chief Investment Officer and Global Head Climate Finance, Financial Institutions Group
IFC
Rick Lacaille
Executive Vice President and Global Head of ESG
State Street Corporation
David McNeil
Head of Climate Risk, Director
Fitch Ratings
Gábor Gyura
Head of Sustainable Finance
Magyar Nemzeti Bank
Timings:
14:00-15:00 (London)
09:00-10:00 (New York)
22:00-23:00 (Singapore)
In partnership with:
This meeting will be conducted under the OMFIF Rules.
This virtual discussion is part of the OMFIF Sustainable Policy Institute. The SPI is a high level community which brings together central banks, sovereign funds, public pension funds, and their counterparts in asset management, banking and professional services to explore policy, regulatory and investment challenges posed by environmental, social and governance themes. See more information on OMFIF’s SPI here.
You may also be interested:
The Sustainable Finance Policy Tracker provides a comprehensive overview of different countries’ approaches to mitigating climate risks in the financial sector.
Covering 22 countries and jurisdictions, the tracker presents information on 14 areas that include regulatory and supervisory measures, climate stress testing activity, net zero strategies, green bond issuance and disclosure requirements.