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 discusses 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 consider the challenges and opportunities arising from assessing nature-related financial risks.

Panellists:
David McNeil, Head of Climate Risk, Director, Fitch Ratings
Rick Lacaille, Executive Vice President, Global Head of ESG, State Street
Peter Cashion, Chief Investment Officer and Global Head Climate Finance, Financial Institutions Group, IFC
Gábor Gyura, Head of Sustainable Finance, Magyar Nemzeti Bank

Moderated by Emma McGarthy, Head, Sustainability Policy Institute, OMFIF

Recorded on 24/02/2022

In partnership with:

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.