Supervision of Climate & Environmental Risks for Banks: Overview from the Perspective of a European Practitioner

Frankfurt, Germany: Join the GARP Germany Chapter for an exclusive in-person presentation by Patrick Amis, Director General, ECB.

Climate change is one of the most pressing issues of our time, and in the transition to a greener and more environmentally sustainable economy and financial system, banks and their supervisors and regulators play a key role. 

By giving preference to climate-friendly borrowers and green assets in their financing and investment decisions, banks have a huge leverage over economic actors and financial market participants and thus can help the transition to a greener economy. At the same time, banks must assess and manage the physical and transition risks that emanate from climate change and impact their clients via various transmission channels, thereby affecting the banks themselves. 

This risk dimension is the focus of Patrick’s presentation, taking a euro area perspective, he will examine whether voluntary action by banks is sufficient, or whether additional regulatory requirements and supervisory scrutiny are necessary to cope with climate and environmental risks. Furthermore, Patrick will discuss whether such regulatory requirements should be of a qualitative, or also of a quantitative nature, as well as the likelihood that regulators will amend the rulebook in the future to allow supervisors to impose direct capital requirements on banks for climate-related risks.

Registration is required as seats are limited. Priority will be given to GARP Individual Members.

Agenda:

6:00 – 6:30 pm: Registration

6:30 – 6:35 pm: Welcome remarks

6:35 – 8:05 pm: Presentations with Audience Q&A

8:05 – 9:00 pm: Networking reception