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Climate-risk implications for the EU financial sector​

Day 1 Afternoon

Wednesday 14 April

Track :



Sylvie Goulard
Second Deputy Governor - Banque de France
Public Authorities
Willem Evers
Head of Department, Supervisory Policy Division - De Nederlandsche Bank
Åsa Larson
Director of Insurance Risk Supervision - Swedish Financial Supervisory Authority
François-Louis Michaud
Executive Director - European Banking Authority (EBA)
Carolyn Rogers
Secretary General - Basel Committee on Banking Supervision (BCBS)
Industry Representatives
Gianluca Cantalupi
Managing Director and Global Head of Reputational, Sustainability and Climate Risk - Credit Suisse International
Emilie Mazzacurati
Global Head of Climate Solutions - Moody's Investors Service
John Scott
Head of Sustainability Risk - Zurich Insurance Company Ltd
Alan Smith
Senior Advisor - Climate and ESG Risk - HSBC


At the very moment when the whole financial sector is close to completing a fundamental overhaul of the risk-based banking regulation triggered by the 2008 financial crisis, new types of risk are emerging. Climate-related risk is one these unexpected sources of risk. 

Numerous initiatives are now under way both in the private and public sector, to assess and mitigate it. They involve many novel tools since the specificity of this new risk, in addition to be a long-term one, is that assessing and mitigating it cannot just be derived from past observation and practices.  

In this context, the session is dedicated to take stock on the current multiple initiatives notably of the public sector and share the lessons already learned  in the different financial areas (insurance, banking, …). This should enable the panel to find out some adequate policy priorities in the field of climate related risk assessment and mitigation approaches both at national, EU and Global levels.

Points of discussion

  1. What are the specificities of climate related risks? 
  2. What are the lessons learned on the most recent climate-related risk assessment initiatives in the EU?
  3. What are the necessary EU policy priorities in the global context?