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.
... continue reading
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.
... continue reading
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”...
... continue reading
Greening Central Bank Refinancing Operations
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
Timothy Lane | 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