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SAFE-CEPR EFA RPN Policy Web Seminar - The Macroprudential Challenge of Climate Change

Event Slides_SAFE-CEPR EFA RPN Policy Web Seminar - The Macroprudential Challenge of Climate Change

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The SAFE Policy Center and the Centre for Economic Policy Research (CEPR), within the Research Policy Network (RPN) European Financial Architecture, organised a presentation of the European Central Bank (ECB) / European Systemic Risk Board (ESRB) report on 

The Macroprudential Challenge of Climate Change 

6 October 2022. 11:30 AM. - 01:00 PM (CEST), via Zoom

Download the report 
Download the annexes

Speakers: Paul Hiebert, Stephan Fahr, Katarzyna Budnik, and Michael Grill (all ECB)
 
Moderator: Jan Krahnen (Leibniz Institute SAFE and CEPR)

Past years have seen the development of analytical foundations for measuring climate-related financial risk by linking climate vulnerability to standard financial risk measurement. The latest ECB/ESRB report on climate change raises the understanding of the interdependencies and spillovers to gauge implications for systemic risk. In addition, the work focussed on a forward-looking dynamic view of the modelling of financial stability risks stemming from climate change, noting that the past is unlikely to be a good guide. To contain future systemic risks from climate change to the financial system, macroprudential policy may have an important role to play. The report discusses the options for delivering a coordinated European macroprudential response, and considers a range of possible instruments that could be used in this respect.

You will find below a recording of the event. 

Moderator

Jan-Pieter Krahnen

Professor of Finance emeritus Goethe University Frankfurt; Founding Director emeritus Leibniz Institute For Financial Research (SAFE)

Speakers

Paul Hiebert

Head, Systemic Risk and Financial Institutions Division European Central Bank

Stephan Fahr

Team Lead Financial Stability Expert, European Central Bank