Seminar The macroprudential challenge of climate change Seminar part of the FBF series “Finance in the Tuscan Hills” Add to calendar 2022-10-10 11:30 2022-10-10 13:15 Europe/Rome The macroprudential challenge of climate change Sala Triaria Villa Schifanoia YYYY-MM-DD Print Share on Facebook Share on X Share on LinkedIn Send by email When 10 October 2022 11:30 - 13:15 CEST Where Sala Triaria Villa Schifanoia Organised by Robert Schuman Centre for Advanced Studies FBF: Florence School of Banking and Finance In this seminar, experts from the Systemic Risk and Financial Institutions Division of the European Central Bank (ECB) will present the latest ECB/ESRB report on climate change. Past years have seen the development of analytical foundations for measuring climate-related financial risk by linking climate vulnerability to standard financial risk measurement. The latest ECB/ESRB report on climate change raises the understanding of the interdependencies and spillovers to gauge implications for systemic risk. In addition, the work focussed on a forward-looking dynamic view of the modelling of financial stability risks stemming from climate change, noting that the past is unlikely to be a good guide. To contain future systemic risks from climate change to the financial system, macroprudential policy may have an important role to play. The report discusses the options for delivering a coordinated European macroprudential response, and considers a range of possible instruments that could be used in this respect.The event will be in hybrid format and can be followed online through the link received after the registration. Links: Link to annex of report Link to report Speakers profile Scientific Organiser(s): Florence School of Banking and Finance Speaker(s): Stephan Fahr (European Central Bank) Paul Hiebert (European Central Bank) Thorsten Beck (Florence School of Banking and Finance) Irene Monasterolo (EDHEC Business School)