Governing Finance – The Case for a New Playbook
Alexander Barkawi and
Simon Zadek | 7 April 2021
Monetary,
Blog | 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
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Governing Finance for Sustainable Prosperity
Alexander Barkawi and
Simon Zadek | 7 April 2021
Monetary,
Discussion Notes | 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
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The Case for Climate Objectives in Central Banks’ Targeted Refinancing Operations
Chiara Colesanti Senni | 12 February 2021
Monetary,
Blog | Tags:
Central Banks,
Climate Risk,
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
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Strengthening Climate Risk Metrics – A Roadmap for 2021
23 February 2021 | Online | By Invitation Monetary,
Roundtables | Tags:
Central Banks,
Climate Risk,
Financial Supervision,
Monetary Policy Operations,
Risk Metrics Climate risks are financial risks. As such they must be incorporated into all investment decisions, including those by banks, investors and asset managers. They must also become an integral part of central banks’ monetary policy operations, as well as of financial supervision – both on
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Central Banks and Inequality – COVID-19 and Beyond
7, 11 and 14 December, 2020 | Online Monetary,
Panel | Tags:
Central Banks,
Financial Regulation,
Inequality A three-part series on “Central Banking and Inequality—COVID-19 and Beyond.” The three discussions will cover the link between inequality and financial regulation, financial market infrastructure, and monetary policy.
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Central Banks Must Upgrade Their Risk Management
Pierre Monnin | 23 November 2020
Monetary,
Blog | Tags:
Central Banks,
Climate Change,
Climate Risk The COVID-19 crisis is a stark reminder of how sharply asset values can shift. Amid a crashing demand for oil and gas, giant energy companies like BP, Chevron and Shell massively wrote down the value of their assets. And those that did not, like Exxon,
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Coming Back Stronger – Governing Finance in Switzerland
30 November 2020 | Online | By Invitation Monetary,
Roundtables | Tags:
Central Banks,
Financial Regulation,
Governing Finance,
Switzerland 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.
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Central Bank Market Neutrality is a Myth
Chiara Colesanti Senni and
Pierre Monnin | 16 October 2020
Monetary,
Blog | Tags:
Asset Purchases,
Central Banks,
Climate Change,
Foreign Exchange Reserves,
Market Neutrality Christine Lagarde, the President of the European Central Bank (ECB), this week raised the critical question whether, in view of market failures, market neutrality should remain the guiding principle driving central banks’ policy portfolio management. Her spotlight on market neutrality underscores growing and overdue scrutiny
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Central Banks Must Heed Their Own Warnings on Climate Risks
Alexander Barkawi | 13 October 2020
Monetary,
Blog | 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
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The Transition to a Sustainable Post-COVID Economy Requires an Urgent Shift in Central Bank Risk Management
Pierre Monnin | 10 July 2020
Monetary,
Blog | Tags:
Central Banks,
Climate Risk,
Covid-19,
Financial Regulation,
Monetary Policy Operations,
Precautionary principle The COVID-19 crisis is profoundly and durably transforming our economies. So will the transition to a low-carbon economy, which is necessary to contain the environmental crisis ahead of us. Shifting our economic system from its current state to a sustainable post-COVID version entails large and
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