ROLE OF CENTRAL BANKS IN GREENING THE FINANCIAL SYSTEM
In partnership with the Official Monetary and Financial Institutions Forum (OMFIF)
Central banks are becoming increasingly involved in green finance. Indicators of this growing interest include the creation of the Central Bank and Supervisors Network for Greening the Financial System and the Task Force on Climate Related Financial Disclosure established by the Financial Stability Board (FSB), which is chaired by Bank of England Governor Mark Carney. Environmental factors are increasingly seen as material issues by investors who are incorporating such factors into portfolio allocation and risk analysis.
This panel, organised in co-operation with the Official Monetary and Financial Institutions Forum (OMFIF), will gather central banks, regulators and experts from around the world to discuss the role that central banks can play in greening the financial system and prospects for harmonised international approaches.
The session will facilitate dialogue among central banks and regulators to improve clarity on the role central banks can play in green finance, as well as review progress to date and identify future challenges.
Issues for the debate:
- The role central banks can play in mobilising green finance and supervising climate related risks
- Assessing central banks’ capability to influence and improve green finance: monetary policy and enhancing supervision
- Understanding central bank mandates in the era of climate change: how to overcome challenges of managing financial stability and promoting green investment