Toronto Centre provides high quality capacity building programs and guidance for financial supervisors and regulators, primarily in developing nations, to advance financial stability and inclusion. Since inception, Toronto Centre has trained over 26,000 officials from 190 jurisdictions.

Executive Panel: Nature-Related Risks, Macroeconomic Impacts, and Transition Planning
Thursday, Oct 26, 2023

Executive Panel: Nature-Related Risks, Macroeconomic Impacts, and Transition Planning

Central banks and supervisors need to consider climate change and biodiversity loss, which are interconnected and mutually reinforcing. Looking ahead, dealing with nature-related risks may also involve transition plans. Transition plans are crucial to credible implementation.

The panel discussed:

  • how central banks and supervisors should adjust to better capture climate-related impacts;
  • the effects of tighter monetary policy on climate investments in industrialized economies and their implications for emerging markets and developing economies; and,
  • what transition plans should entail and the objectives they should serve.

Opening Remarks:

The Honourable Ahmed HussenMinister of International Development, Government of Canada


The Honourable John RwangombwaGovernor, National Bank of Rwanda

Sabine Mauderer, Vice-Chair, Network for Greening the Financial System; Board Member, Deutsche Bundesbank

Jean-Paul ServaisChair, IOSCO Board; Chair, Belgium's Financial Services and Markets Authority

Stefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbank (Central Bank of Sweden)


Jean Pesme, Global Director, Finance, Competitiveness & Innovation, World Bank

Read the transcript here. Read their biographies here.

Listen to the Podcast:

Watch the Panel Session:

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