Contributor: Chiara Colesanti Senni

From Dependencies to Environmental Risks for Finance. Taking Next Steps

and | 9 May 2022
Blog, Monetary | Tags: Central Banks, Environmental Risks, Financial Supervision
Climate-related risks are now widely recognized as a source of financial risks by financial supervisors and central banks worldwide. Estimates of transition risks, which include risks stemming from the transition to a low-carbon economy, have become more granular, thanks in part to improved data availability. ... continue reading

A Dashboard for Biodiversity Risk Metrics

, and | 24 March 2022
Monetary, Policy Briefs | Tags: Biodiversity Risk, Central Banks
This policy brief calls on central banks and financial supervisors to build and use a dashboard of biodiversity metrics to assess biodiversity risks in terms of both dependencies and impacts. In order for these metrics to become fully operational, they should cover risks for firms ... continue reading

Aligning Central Bank Refinancing Operations with the G20 Agenda

and | 6 October 2021
Monetary, Policy Briefs | Tags: Central Banks, Climate Risk, G20, Targeted Refinancing Lines
Since the Pittsburgh Summit in 2009, G20 leaders have repeatedly highlighted inclusive growth and environmental protection as core objectives in their joint declarations. With the widening of economic inequalities and the acceleration of climate change and biodiversity loss, their calls for action have gained further ... continue reading

The Case for Climate Objectives in Central Banks’ Targeted Refinancing Operations

| 12 February 2021
Blog, Monetary | Tags: Central Banks, Climate Risk, Monetary Policy, Policy Coherence, Targeted Refinancing Lines
Central banks are making increasing use of targeted refinancing operations to pursue their mandates. However, so far none of them, with a few exceptions in developing economies, has aligned its targeting with the objective of a transition to a low-carbon economy. This must change. Refinancing ... continue reading

Climate Financial Risks: Assessing Convergence, Exploring Diversity

, and | 9 December 2020
Discussion Notes, Monetary | Tags: Climate Risk, Financial Supervision, Monetary Policy Operations, Risk Metrics
Climate risks are now fully recognized as financial risks by asset managers, investors, central banks, and financial supervisors. As a result, the integration of climate risk metrics into risk management processes is moving up agendas worldwide. In that context, a rapidly growing number of market ... continue reading