Contributor: Alexander Barkawi

Bridging the Disconnects – From Diagnosis to Action in Addressing Climate-Related Financial Risks

| 29 October 2021
Blog, Monetary | Tags: Central Banks, Climate Risk, Financial Regulation, Macroprudential Regulation
When the Financial Stability Oversight Council (FSOC) published its Report on Climate-Related Financial Risk last week, it triggered a wide range of reactions. Some praised it as a critical step in moving climate risks up the agenda amongst FSOC members such as the US Treasury, ... continue reading

Governing Finance – The Case for a New Playbook

and | 7 April 2021
Blog, Monetary | Tags: Central Banks, Climate Change, Digital Finance, Employment, Financial Supervision, Governing Finance, Inequality, Sustainability
Finance impacts all aspects of our lives, from our economies to social cohesion to the ecological systems we depend on for our very survival. As a result, the implications of how we govern finance are fundamental, and ultimately existential. Yet, alarmingly, we are not talking ... continue reading

Governing Finance for Sustainable Prosperity

and | 7 April 2021
Discussion Notes, Monetary | Tags: Central Banks, Climate Change, Digital Finance, Employment, Financial Supervision, Governing Finance, Inequality, Sustainability
Finance impacts all aspects of our lives, from our economies to social cohesion to the ecological systems we depend on for our very survival. As a result, the implications of how we choose to govern finance are fundamental, and ultimately existential. Whether we succeed in improving ... continue reading

Central Banks Must Heed Their Own Warnings on Climate Risks

| 13 October 2020
Blog, Monetary | Tags: Asset Purchases, Central Banks, Climate Risk, Collateral Frameworks
The Central Banks and Supervisors Network for Greening the Financial System (NGFS), a group of more than 70 central banks and financial supervisors across the globe, has repeatedly highlighted that climate risks are financial risks. Its members have also continuously put a spotlight on the ... continue reading

Central Banks and Climate Change

| 21 February 2020
Blog, Monetary | Tags: Central Banks, Climate Change, Credit Risk, Governing Finance
Central banks must supplement their risk processes to reflect climate risks. This is neither a conflict of objectives nor an overburdening of their mandate, but a fiduciary duty. ... continue reading