ROLE OF CENTRAL BANKS IN GREENING THE FINANCIAL SYSTEM

in partnership with the Official Monetary and Financial Institutions Forum (OMFIF)
Event
Session Type
Conference
Session Themes
Stock Exchange
Room number
Room XXII
Event Manager
Mr. Anthony Miller
Contact Email
anthony.miller@unctad.org
26 October 2018
14:00 - 16:30 Europe/Zurich
Europe/Zurich

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 (established at the Paris “One Planet Summit” in 2017 by eight central banks and supervisors) and the Task Force on Climate Related Financial Disclosure, (established by the Financial Stability Board). 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 mobilizing 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

 

Speakers

Founder and Director, Council on Economic Policies
Member of Governing Board and Executive Director, De Nederlandsche Bank
Chief Advisor to the Governor, Banco de México
Deputy Secretary-General, OECD
Co-Head of Institutional Clients Coverage, Amundi
Senior Economist, Banco de España

Moderators

Managing Director, Sustainable Policy Institute, Official Monetary and Financial Institutions Forum and Senior Policy Fellow, Grantham Research Institute on Climate Change and the Environment, London School of Economics