Macroprudential Systemic Capital Buffers to Address Climate Systemic Risks
10 March 2025 | 9.00-10.00 CET | Online | Co-hosted with AMRO
Monetary,
Webinar | Tags:
Climate Risks,
Financial Stability,
Financial Supervision,
Macroprudential Policy,
Systemic Risks
The webinar co-hosted with AMRO expores the key arguments presented in a policy brief on "Principles for Addressing Climate Systemic Risks with Capital Buffers", written by Satoshi Ikeda (Chief Sustainable Finance Officer, Financial Services Agency of Japan) and Pierre Monnin (Senior Fellow, Council on Economic
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Inclusive Green Finance for Small Companies: A Case Study of Pilot Cities in China’s Zhejiang Province
Jingyi Zhang,
Peter Knaack and
Danqing Shao | 21 February 2025
Monetary,
Discussion Notes | Tags:
China,
Entrepreneurship,
Financial Inclusion,
Green Finance
Micro, small, and medium-sized enterprises (MSMEs) are crucial for the transition to a sustainable economy. However, they face major challenges in accessing financing for sustainable investments.
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China’s Monetary Stimulus. Aggregate and Structural Implications
Isabelle Jiani Zheng | 13 February 2025
Monetary,
Blog | Tags:
Central Banks,
China,
Economic Growth,
Financial Stability
The People’s Bank of China (PBOC) convened its 2025 work conference in Beijing from 3 to 4 January, signaling a commitment to maintaining a supportive policy stance in the new year following key steps in this direction in 2024.
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Governing Insurance for Financial Stability and Environmental Sustainability
Jérôme Crugnola-Humbert | 20 December 2024
Monetary,
Policy Briefs | Tags:
Climate Risks,
Environmental Risks,
Financial Stability,
Insurance,
Macroprudential Policy
Despite its links to climate and nature risks (for instance, through insurance against natural catastrophes), the insurance sector has so far received insufficient attention from most policymakers, regulators and supervisors.
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Financial Resilience in an Age of Environmental Change: Central Banks and Financial Regulators Feel the Heat
Sunil Sharma | 16 October 2024
Monetary,
Policy Briefs | Tags:
Climate Risks,
Financial Governance,
Financial Supervision,
Macroprudential Policy,
Systemic Risks
In an era of chronic and acute disruptions, durable price and financial stability will require not just accounting for financial hazards, but also engaging in promoting a structural transition. With time running out and the world approaching critical ecological thresholds, central banks and financial regulators
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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,
Research 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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Missing Dollars – Illicit Financial Flows from Commodity Trade
Gilles Carbonnier and
co-editors | 19 June 2024
Fiscal,
Monetary,
Trade,
Books | Tags:
Commodities,
Governing Finance,
Tax Competition,
Tax Expenditures
The book sheds new light on issues such as addressing push and pull factors through domestic and international policy measures, the preferences of key stakeholders for short-term fixes versus long-term policy reforms, and prescriptive approaches and other options to address tax base erosion in resource-rich
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The Basel Committee’s Revised Core Principles for Effective Banking Supervision: Addressing Climate-Related Financial Risks in ASEAN+3
Aziz Durrani and
Julia Anna Bingler | 5 June 2024
Monetary,
Policy Briefs | Tags:
ASEAN+3,
BCBS,
Climate Risks,
Financial Supervision,
Macroprudential Policy
This policy brief provides a detailed overview of the guidance that the Basel Committee on Banking Supervision (BCBS) has provided to financial institutions and their supervisors, in relation to assessing, quantifying and managing climate risks under Pillars I, II and III of the Basel framework.
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Addressing Climate-Related Financial Risks in ASEAN+3
Aziz Durrani and
Julia Anna Bingler | 5 June 2024
Monetary,
Blog | Tags:
ASEAN+3,
BCBS,
Climate Risks,
Financial Supervision,
Macroprudential Policy
Whilst not all jurisdictions have adopted the Basel III banking supervision regime, the Core Principles target all financial supervisors globally. They serve as “the de facto minimum standard” for the “sound prudential regulation and supervision of banks and banking systems”...
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