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Events

Changing Perspectives: Addressing Climate-related Risks in the Financial Sector

May 19-20, 2020

Webinar

  • Wednesday, May 20, 2020 | 9:00 am - 11:00 am (Malaysia Time)
    Tuesday, May 19, 2020 | 9:00 pm - 11:00 pm (EDT) 

    Climate change is increasingly recognized as an important source of risk for financial institutions and investors. Climate-related risks arise through two primary channels: physical risks and transition risk. Physical risks arise from climate and weather-related events, which can potentially result in large financial losses and impaired asset values. Transition risk stems from the process of adjusting to a low-carbon economy, risking losses related to government policies such as the introduction of carbon prices, border adjustment taxes or related to climate-related litigation. Policy makers, central banks, financial sector regulators and supervisors are strengthening their response to enhance the financial sector’s resilience to climate risks and mobilize capital for green finance. They are increasingly promoting the disclosure of climate risks and have taken actions in identifying, assessing and monitoring the climate risks in financial system. 

    RSVP by May 19, 2020

    The objectives of this Webinar are to share with the participants:

    • the recent assessment of the impacts of climate change on financial systems in emerging markets and developing economies;
    • the global trends and supervisory actions taken to manage these risks through stress testing, risk management, governance and disclosure guidance, and integrating climate risks in supervision;
    • international initiatives to support all these efforts at national level incl. NGFS, FSB TCFD, World Bank/IMF; 
    • country experience in assessing climate risks and developing guidance to financial industry on risk management and stress testing (UK and Colombia).

    Background Papers

    For questions, please contact:  Ruzita Ahmad (rahmad3@worldbank.org)

  • Opening Remarks:

    Firas Raad, Country Manager for Malaysia, World Bank

    Speakers:  

    Martijn Gert Jan Regelink, Sr. Financial Sector Specialist, World Bank

    Henk Jan Reinders, Financial Sector Economist, World Bank / Dutch Central Bank

    Emma Dalhuijsen, Climate Risk Advisor, World Bank, former advisor, Bank of England Climate Hub

DETAILS

  • Time (Eastern Daylight Time) - Monday May 19, 2020 : 9:00 pm - 11:00 pm
  • Time (Malaysia Time) - Wednesday May 20, 2020: 9:00 am - 11:00 am
  • RSVP: RSVP by May 19, 2020
RSVP