Name: Asia Training Series
Start: 2021-11-23T08:00:00+00:00
End: 2021-11-23T17:00:00+00:00

An event hosted by:

2021

Kuala Lumpur, Malaysia

Chair: Adnan Zaylani, Assistant Governor, Bank Negara Malaysia

Climate change and the impact on the world of finance
- Overview of the emerging risks climate change poses on the financial system
- Key factors and dynamics shaping climate risk management
- New roles and responsibilities for central banks and financial regulators
- Discussion: How do central banks need to change to deal with climate risk?
Climate risk management: challenges and opportunities
- Assessment of climate-related risks
- Tips for managing the impact of climate change
- Framework and tools for identifying climate-related risks
- What information is needed to effectively manage the risks of climate change?
Avoiding the storm: to what extent does climate risk represent a source of systemic instability?
- Implications of climate change for the stability of financial systems
- Overview of key transition, physical and liability risks
- The role of financial policy and regulation in effective climate risk mitigation
- Discussion: How to apply supervisory tools and prudential responses
Green finance: the state of the art
- The evolving role for central banks and regulators in green finance promotion
- Tips for strategy implementation of green finance
- Key features of a successful green finance strategy
- Hands on exercise: Integrating climate and environmental factors into mainstream financial decision making

Climate driven evolution of conventional targets for central banking
- Introduction of climate-related targets for central banks
- Avoiding a “climate Minsky moment”: finding the correct balance of moving towards a low-carbon economy
- Assessment of the physical and transitional climate risks on the financial system
- Case study: Evolution of climate-risk framework in a central bank
Sustainable development as a goal for central banks
- Overview of sustainable and environmental objectives on central banks’ mandate
- Tips to promote sustainable development in the financial system
- Examples of successful implementation of sustainable investment policies
- Discussion: How the goals of climate-risks are implemented
Green finance and investment: tools and instruments in focus
- Overview of the tools and instruments to promote green finance and sustainable development
- Tips for effective calibration and coordination of tools and instruments
- Examples of frameworks for assessing the instruments’ effectiveness
- Discussion: What do central banks need to do to set an example?
Fostering long-term finance and climate-aligned financial regulation
- Overview of financial regulations taking into account climate-related risks
- Key features of climate stress-testing framework
- Examples of effective compliance, oversight and enforcement
- Discussion: How to coordinate climate regulation with other regulatory frameworks

Integrating climate-related risks into financial stability monitoring
- Assessment of climate-related financial risks in the financial system
- Examples of integrating climate-related risks into prudential supervision
- Tips for building in-house capabilities for climate stress-testing
- Discussion: How is the impact of climate change and financial stability assessed in delegates’ home jurisdictions?
Applying green finance guidelines and frameworks
- Building blocks of green finance guidelines for the management of local and systemic implication of climate risk
- Role of cross-sectoral cooperation in the design and policy
- Tips for setting out strategic green framework for the financial industry
- Discussion: How should central banks set up traceable climate goals?
Sustainable investment as a strategic vision for 2020 and beyond
- Overview of short term and long term sustainable investment
- Expectation of future international frameworks and standards
- Opportunities and challenges for implementing ESG policies into central banks and investors mandates
- Discussion: How can central banks drive more stable and sustainable financial markets?
Delegate action points and course conclusion
- Summary of the course and main points
- Discussion of the observed trends and case studies
- Application of learning points in the participants home organisations
- Preparation of action points