Podcast: Oversight Actions in Response to Climate Change in Latin America

Year Published

2021

Contributing Organizations

Global Affairs Canada (GAC)

Chilean Financial Market Commission (CMF)

Toronto Centre

The Swedish International Development Cooperation Agency (Sida)

Type of Resource

Webinar or Podcast

Languages

Spanish

Relevant Topics

Core Topic

Climate Strategy & Capabilities

Topic 2

Climate & Transition Finance

Target Audience

Governments & Policymakers

Advisors & Consultants

Real Economy Corporates

Education Providers / Think Tanks / NGOs

Relevant Geography

Latin America and the Caribbean

Resource Description

This podcast features Mariana Escobar outlining the strategy of the Financial Superintendence of Colombia to integrate climate change into financial supervision. It highlights the institution’s focus on risk analysis, taxonomy development, and thematic bond market guidance to strengthen climate-related oversight.

Key Insights

Recognizes that climate change presents both risks and opportunities for the financial system and requires data, collaboration, and adapted supervision
Describes the “taxonomy roundtable,” a government-led initiative to develop a responsive and relevant sustainable finance taxonomy
Highlights efforts to grow the thematic bond market, including the release of a Green Bond Guide to clarify expectations
Explains the completion of a financial system vulnerability assessment, identifying key physical and transition risks