Principles for Addressing Climate Systemic Risks With Capital Buffers
Satoshi Ikeda and
Pierre Monnin | 10 October 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Financial Stability,
Financial Supervision,
Macroprudential Policy,
Systemic Risks Some supervisors have started exploring and assessing the different macroprudential instruments available to address climate systemic risks. Systemic capital buffers emerge as one promising option among the different instruments in their toolkits.
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Transition and Systemic Risk in the South African Banking Sector: Assessment and Macroprudential Options
Pierre Monnin,
Ayanda Sikhosana and
Kerschyl Singh | 22 July 2024
Monetary,
Working Papers | Tags:
Central Banks,
Climate Risks,
Financial Stability,
Macroprudential Policy,
South Africa This paper presents the main transition risks for the South African banking sector, highlighting that the coal value chain is central to these risks. It assesses the banking system’s exposure to transition risks in the corporate sector, showing that they are material and widespread.
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Aligning Sovereign Bond Markets with the Net Zero Transition: the Role of Central Banks
Pierre Monnin,
Joseph Feyertag,
Nick Robins and
Alexander Wollenweber | 14 March 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Debt,
Financial Supervision Aligning sovereign bonds with net zero requires coordinated action by several stakeholders across the financial system. National governments are first in line to act but central banks have a unique opportunity to make a meaningful contribution.
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Net Zero Central Banking in Africa’s Diverse Economies: Challenges, Opportunities and Policy Options
Reuben Wambui,
Joseph Feyertag and
Pierre Monnin | 29 November 2023
Monetary,
Policy Briefs | Tags:
Africa,
Central Banks,
Climate Risks,
Financial Stability,
Inequality Africa’s economies are contending with a diverse set of challenges and opportunities in relation to building low-carbon, green economies and the transition to net zero emissions. Central banks can play a pivotal role in enabling the green transition in Africa.
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Climate-Related Systemic Risks and Macroprudential Policy
Paul Hiebert and
Pierre Monnin | 9 August 2023
Monetary,
Policy Briefs | Tags:
Climate Risks,
Financial Stability,
Financial Supervision,
Macroprudential Policy,
Systemic Risks Central banks and financial supervisors must rapidly develop sound risk management practices adapted to a context in which policy decisions rely on imperfect data and high uncertainty.
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