bostjan vasle : address - single supervisory mechanism ( ssm ) supervisory board's strategic retreat address by mr bostjan vasle, governor of bank of slovenia, at the official dinner of the single supervisory mechanism ( ssm ) supervisory board's strategic retreat, ljubljana, 10 october 2024. * * * members of the supervisory board, dear colleagues, ladies and gentlemen, good evening and welcome at the ljubljana castle. it is a great privilege and pleasure to welcome you here tonight for the supervisory board's strategic retreat. since banka slovenije is also hosting this year's external monetary policy meeting next week, slovenia will be the meeting place for both supervisory and monetary policy arms of the eurosystem in a short span of seven days. fittingly, this year also marks the 20th anniversary of slovenia's accession to the eu, a crucial milestone that allowed us to engage in the economic and monetary union and reap the rewards of our pan - european partnership. as many interesting – formal and informal – discussions will be taking place over the next days, let me seize this opportunity and briefly reflect on the events of recent years and challenges awaiting us in the future. a decade ago, we were navigating our way out of a major european banking crisis with dire consequences for the financial sectors and whole economies. this has also placed a heavy burden on the taxpayers. various forms of fiscal assistance to the financial sector increased the public debt in the euro area by almost 5 % of gdp, and in the most affected countries by 3 - 4 times more. in slovenia, where we have faced the deepest economic and banking crisis since independence, the fiscal burden was one of the biggest. the banking crises had farreaching consequences beyond the economic sphere and some of the legal processes still remain ongoing. with the need for better regulation and supervision of the euro area demonstrated clearly by these events, the idea of an eu's supranational bank supervisory body became a reality in 2014. this november we will commemorate the 10th anniversary of ssm and we appreciate the opportunity to acknowledge and celebrate this important occasion with you all tonight in ljubljana. by shifting from highly fragmented national banking supervision systems to a unified european approach, we greatly advanced the eu integration and also helped to strengthen the idea of the euro area. as a consequence of these developments today, the euro area banks are better positioned to absorb potential losses and weather adverse shocks then a decade ago. 1 / 3 bis -

primoz dolenc : green finance and investment opening speech by mr primoz dolenc, vice governor of bank of slovenia, at the conference " towards the climate transition : green finance and investment ", split, 29 september 2023. * * * ladies and gentlemen, distinguished guests, it is a distinct privilege to welcome all of you to this conference, where we aim to address a pressing global challenge : climate change and its profound impact on our economies. in the face of climate risks, we all bear a personal responsibility to contribute to solutions. each of us can play a role in safeguarding the health of our planet. however, the broader task of addressing climate change, particularly at the national and international levels, falls squarely within the purview of governments and specialized institutions. among them, central banks play a pivotal role. climate change is already affecting our economies and financial systems, consequently, the price and financial stability that lie at the core of our mandates. in recent years, the eurosystem central banks have translated our commitments into concrete actions by adopting a roadmap for climate - related initiatives. in the area of monetary policy, we have initiated the analysis of climate - related factors in our macroeconomic models. we have also begun to integrate them into the implementation of our monetary policy, including our collateral framework and corporate asset purchases. in terms of our non - monetary investments, we proudly published our inaugural report containing detailed climate - related information about our entire financial assets. this report underscores our significant progress over the last five years, notably in divesting from firms in the tobacco and arms industries and those causing substantial environmental harm. to reach our long - tem objective of approaching net zero greenhouse gas emissions of our financial assets by 2050, we have set two medium - term goals to be achieved by the end of 2025. firstly, we intend to increase investments in green, social, and sustainable bonds from the current nearly 7 % to 10 % of our financial assets. secondly, we are committed to visibly reducing the carbon footprint of our investments in private sector issuers. we have already commenced measuring and reporting carbon footprints, along with other indicators of socially responsible and sustainable investing. in terms of banking supervision, central banks have a crucial role in establishing uniform standards for addressing climate - related risks by adapting banking regulations and supervisory frameworks. our activities encompass the measurement, assessment, 1 / 2 bis - central bankers'speeches management, and disclosure of climate