Program Description

This is the fifth webinar of the series on the revised Core Principles for effective banking supervision. 

Climate change introduces physical and transition risks that can impact banks’ safety, soundness, and overall financial stability. The revised Core Principles now explicitly address climate-related financial risks, advocating for a principles-based approach to enhance both supervisory practices and banks' risk management. Banks must understand how these risks could affect traditional financial areas and prepare for long-term impacts. Supervisors are expected to integrate climate risks into their oversight, assess banks' risk management, and require relevant information to evaluate these risks.

This panel will examine the inclusion of climate risk in the updated Core Principles and highlight why both banks and supervisors should adopt flexible practices to address the evolving nature of climate risks.

Panelists:

Elsie Addo Awadzi, Deputy Governor, Bank of Ghana; Board Member, Toronto Centre

Shahin Mahmudzade, Executive Director, Central Bank of the Republic of Azerbaijan

Moderator:

Jean Pesme, Global Director, Finance, Competitiveness & Innovation, World Bank; Board Member, Toronto Centre

View their biographies here.

Simultaneous translation available in Spanish and French / Interpretación simultánea en español será disponible / Traduction simultanée disponible en français.