Podcast: Building Back Better – Part I: How Can Central Bankers and Supervisors Mitigate Climate Change Risks to the Financial System?

Year Published

2021

Contributing Organizations

International Monetary Fund (IMF)

Global Affairs Canada (GAC)

Comic Relief

USAID

The Swedish International Development Cooperation Agency (Sida)

Jersey Overseas Aid (JOA)

Toronto Centre

Type of Resource

Webinar or Podcast

Languages

English

Relevant Topics

Core Topic

Mitigation

Topic 2

Climate & Transition Finance

Target Audience

Banks

Insurers

Governments & Policymakers

Education Providers / Think Tanks / NGOs

Technical Assistance Providers

Relevant Geography

Europe

Resource Description

This podcast presents a discussion on how supervisors and central bankers can address climate-related risks to the financial system. It covers supervisory initiatives, risk methodologies, and lessons from stress tests.

Why This Matters

This resource helps supervisors identify and manage climate risks, emphasizing the benefits of collaborative approaches, improved methodologies, and capacity building to strengthen financial system resilience.

Key Insights

Describes the NGFS’s role in supporting integration of climate risks into financial supervision, portfolio management, and data collection
Outlines Basel Committee TFCR work on transmission channels and risk measurement, highlighting the importance of forward-looking, granular data
Shares findings from France’s ACPR pilot stress test, including localized insurance cost increases up to six-fold
Notes that scenario analysis supports oversight and highlights the value of capacity building in less advanced jurisdictions

Secondary File Resources

Secondary Resource Link(s)

Direct link to TC Website for further information

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