Supervising sustainability risks – climate, nature and green finance
Objective
In December 2023, world leaders at COP28, the UN’s climate summit in Dubai, finally reached an agreement: all 198 parties at the conference promised to “transition away” from using fossil fuels, the main source of greenhouse-gas emissions responsible for global warming, in their energy systems.
Achieving these goals will require a transformation of the financial system, its culture and its incentives. In this context, sustainability means making economic prosperity long-lasting, socially inclusive and less dependent on the exploitation of finite resources. The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) began its activities in January 2018. The network members agreed on an agenda which includes sharing experiences and identifying best practices with regard to the supervisory and macrofinancial dimensions of climate-related and environmental risks, as well as on options to scale up green financing. This expert panel follows the NGFS "Sustainability Training Reference Guide" (STaR Guide) which is published on the Climate Training Alliance (CTA) Portal.[1]
In view of recent developments, this expert panel aims to provide an overview of current supervisory activities in the field of sustainable finance. It will discuss the possible effects of these developments on the financial system, as well as the challenges and opportunities they present. Moreover, the panel will offer a platform to discuss what role supervisory authorities and central banks should take, or – in other words – “How green do supervision and regulation need to be?”
Contents
- Introduction to supervision in Germany and Europe
- Overview of current micro- and macroprudential supervisory developments and initiatives
- German implementation of regulatory guidance by BCBS and at EU level
- Discussion of the effects on financial systems: data analyses, challenges and future potential
Target group
The course is aimed at experts in banking supervision or financial stability with a broad knowledge of banking supervision and regulation. They should also have a grasp of current regulatory developments with respect to sustainable and green finance worldwide and be willing to share their own experiences and national approaches. Active participation in the form of a short presentation on one of these topics is mandatory.
Please note
Active participation, in the form of a short presentation on a green finance or ESG supervisory initiative is mandatory. A nomination is required in order to participate in our in-person courses.