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ECB Forum on Banking Supervision: Climate change: are banks and supervisors prepared?

Summary:
Climate change: are banks and supervisors prepared? Panellists: Sarah Breeden, Executive Director, UK Deposit Takers Supervision, Bank of England Frank Elderson, Vice-Chair of the Supervisory Board of the European Central Bank Sonja Gibbs, Managing Director and Head of Sustainable Finance, Institute of International Finance Isabelle Mateos y Lago, Managing Director and Global Head of the Official Institutions Group, BlackRock Moderator: Irene Heemskerk, Head of the climate change centre, European Central Bank Climate-related risks are material and banks and supervisors need to address them. Where do we stand in tackling climate change concerns? Have banks bolstered their analytical capabilities and tailored their strategies and frameworks to the new reality? Is addressing climate risks

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Climate change: are banks and supervisors prepared?



Panellists:



Sarah Breeden, Executive Director, UK Deposit Takers Supervision, Bank of England

Frank Elderson, Vice-Chair of the Supervisory Board of the European Central Bank

Sonja Gibbs, Managing Director and Head of Sustainable Finance, Institute of International Finance

Isabelle Mateos y Lago, Managing Director and Global Head of the Official Institutions Group, BlackRock

Moderator: Irene Heemskerk, Head of the climate change centre, European Central Bank



Climate-related risks are material and banks and supervisors need to address them. Where do we stand in tackling climate change concerns? Have banks bolstered their analytical capabilities and tailored their strategies and frameworks to the new reality? Is addressing climate risks more of a benefit or a cost to the banking sector?
European Central Bank
Since 1 January 1999 the European Central Bank (ECB) has been responsible for conducting monetary policy for the euro area - the world’s largest economy after the United States.

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