How can macroprudential policy mitigate climate-related systemic risk?
This joint Bruegel - National Bank of Slovakia event, held in Bratislava, discussed the benefits and limits of Green macroprudential policy.
Speakers
Ádám Banai
Executive Director for Monetary Policy Instruments, Financial Stability and Foreign Reserve Management, Magyar Nemzeti Bank
Kristīna Bojāre
Chief Economist, Latvijas Banka
Reiner Martin
Executive Director, National Bank of Slovakia | Národná banka Slovenska
Jeromin Zettelmeyer
Bruegel Director
Agenda
Panel discussion
11:30-12:45- Chair: Jeromin Zettelmeyer, Bruegel Director
- Ádám Banai, Executive Director for Monetary Policy Instruments, Financial Stability and Foreign Reserve Management, Magyar Nemzeti Bank
- Kristīna Bojāre, Chief Economist, Latvijas Banka
- Reiner Martin, Executive Director, National Bank of Slovakia | Národná banka Slovenska
- Silvia Merler, Bruegel Non-resident fellow
Agenda
Q&A
12:45-13:00Agenda
Lunch
13:00-13:30National Bank of Slovakia | Národná banka Slovenska
Event materials:
The joint NBS – Bruegel event, held in Bratislava, will take stock of this debate and look at the experience with ‘green’ macroprudential policy so far.
Climate change and its potentially severe negative economic and financial impacts are increasingly recognized as a major systemic risk for the financial sector. Climate change entails physical risks in the form of more extreme whether events and transition risks, related to the economic costs of adjusting to a carbon neutral economy. Against this background, it is increasingly discussed, whether and how macroprudential policy can help to manage the systemic financial sector risk resulting from climate change?. After all, macroprudential policy has played an important role in limiting other systemic financial stability risks since the Global Financial Crisis.
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