Program: Monetary

The Basel Committee’s Revised Core Principles for Effective Banking Supervision: Addressing Climate-Related Financial Risks in ASEAN+3

and | 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. ... continue reading

Addressing Climate-Related Financial Risks in ASEAN+3

and | 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”... ... continue reading

Greening Central Bank Refinancing Operations

Upcoming: 20 June 2024 | Online at 9.00 am CEST | Co-hosted with AMRO
Monetary, Webinar | Tags: ASEAN+3, Central Banks, Climate Risks, Financial Supervision
The upcoming webinar will explore the existing experience with TROs across ASEAN+3 and outline key design elements for the use of TROs moving forward in support of an affordable, secure and clean energy future in the region. ... continue reading

Monetary Policy and Climate Change – Distinguishing Between a Protective and a Proactive Agenda

| 4 June 2024
Monetary, Policy Briefs | Tags: Central Banks, Climate Risks, Governing Finance
Central banks in many economies are striving to take account of climate change in their policies and operations. In this context, the important distinction between a protective agenda versus a proactive agenda is often blurred. ... continue reading

What Should Bank Supervisors Do About Climate Risks?

| 4 June 2024
Monetary, Policy Briefs | Tags: Central Banks, Climate Risks, Financial Supervision, Governing Finance
This paper considers the role of bank supervisory authorities with respect to climate change. The emerging consensus is that financial supervisors and regulators must address climate-related risks to banks and other financial institutions. The paper discusses potentially productive avenues for doing that in the near ... continue reading