ECB Forum on Banking Supervision: Climate change: are banks and supervisors prepared?
Channel: European Central Bank
Date: 2021-11-15

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?