Podcast: Climate Risks to the Financial System: Lessons from the Pandemic

Year Published

2020

Contributing Organizations

International Monetary Fund (IMF)

Global Affairs Canada (GAC)

The Swedish International Development Cooperation Agency (Sida)

Toronto Centre

Type of Resource

Webinar or Podcast

Languages

English

Relevant Topics

Core Topic

Risk Management

Topic 2

Impact Assessment

Target Audience

Governments & Policymakers

Insurers

Banks

Education Providers / Think Tanks / NGOs

Financial Services Providers

Relevant Geography

Global

Resource Description

This podcast discussion explores parallels between pandemic and climate risks, highlighting implications for financial stability and the role of regulators and supervisors.

Why This Matters

The dialogue underscores that climate and pandemic risks demand collaborative regulatory action to strengthen resilience, protect financial systems, and ensure inclusive recovery.

Key Insights

Climate and pandemics are external systemic shocks with cascading socioeconomic and financial impacts
Both create transition, liability, operational, and reputational risks for financial institutions
Regulators must integrate climate into governance, disclosures, risk management, and stress testing

Secondary File Resources

Secondary Resource Link(s)

Direct link to TC Website for further information

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