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Sustainability risks in the financial sector: next steps

Day 1 Afternoon

Wednesday 09 April

Room :

ROOM 2

Speakers

Chair
Yann Marin
Deputy Director, DG International Affairs - Banque de France
Public Authorities
Jonathan Dixon
Secretary General - International Association of Insurance Supervisors (IAIS)
Kentaro Tamura
Deputy Director - General of Financial System and Bank Examination Department
Industry Representatives
Gerardo Di Filippo
Head of Group Risk Management Processes and Operations - Generali
Hirotaka Hideshima
Counsellor on Global Strategy to President and the Board of Directors - The Norinchukin Bank
Neil Acres
Managing Director, Global Regulatory Affairs - MSCI
Sylvie Miet
Partner Lead Regulatory & Sustainable Banking Hub - KPMG

Objectives

The session is dedicated to catch up on the most recent initiatives taken to assess and mitigate climate related risk in the financial sector in the EU and globally, and to assess the consequences of the main political shifts regarding the greening of the economy. 

Points of discussion

  • How are financial institutions and financial markets supporting the transition to a lower-carbon economy and what are the resulting transition risk? How are financial institutions and financial markets assessing and mitigating the physical risks associated with extreme weather events and other climate-related hazards?
  • What are the key policies and regulations being implemented to mitigate climate-related risks in the financial sector, and how do these policies differ from previous regulatory frameworks, and what are the expected outcomes? What are the main findings and lessons learned from the ‘Fit-for-55’ analysis, and how are these findings being used to inform policy decisions?
  • How are financial institutions and regulators collaborating to ensure a coordinated approach to climate risk management? What role does international cooperation play in facilitating climate-related financial risks and how does the current political climate related to transition financing influence the ability of public institutions to coordinate globally?