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Venue

Webex
15:00-16:15 CET

Format

online

Date

Wednesday, March 6, 2024

In cooperation with

There are many indicators that can measure threats that climate change poses to financial stability. The macroprudential challenge is to corral these indicators into a coherent surveillance framework for managing risk. A recent ECB/ESRB paper harnesses a growing body of evidence on indicators into three primary categories: climate shocks, exposures to these shocks, and financial risks resulting from the interaction of exposure and prevailing vulnerabilities. It argues that existing evidence can be used to tailor a macroprudential approach to addressing climate risks – that is, a strategy to contain risk for banks and for the broader financial system.

Program

Time
Wesnesday, 6 March 2024
15:00
Introduction

Towards macroprudential frameworks for managing climate risk I Presentation of the ECB/ESRB report

Paul Hiebert, Head of Systemic Risk and Financial Institutions Division | European Central Bank
15:30
Discussion and Q&A with the audience
Moderation: Ernest Gnan, Secretary General, SUERF
Irene Monasterolo, Professor of Climate Finance, Utrecht University I SUERF Fellow
Pierre Monnin, Senior Fellow, Council on Economic Policies (CEP)
16:15
End