This closed-door event will discuss standards for the measurement and disclosure of climate-related exposures.
The sound measurement and disclosure of climate-related exposures is essential to steer capital towards a more sustainable economy. Regulation has now come into effect in the EU and UK, and other jurisdictions similarly will implement international standards in climate risk disclosure.
In this seminar Bruegel will convene key public and private sector experts to examine recent initiatives. The focus of our discussion will be on whether key jurisdictions converge towards a common standard that will facilitate capital allocation in line with global climate commitments.
This event is only open to Bruegel members and selected invitees.
Panel discussion: seeking consistency across jurisdictions
Chair: Alexander Lehmann, Non-resident fellow
Sonja Gibbs, Managing Director and Head of Sustainable Finance, Institute of International Finance
Piers Haben, Director of Banking Markets, Innovation and Consumers, European Banking Authority (EBA)
Fayyaz Muneer, Deputy Director for Green Finance and Prudential Policy, HM Treasury
Lee White, Executive Director, International Financial Reporting Standards Foundation
Head of Thematic Research, Blackrock Sustainable Investing (BSI)
Managing Director and Head of Sustainable Finance, Institute of International Finance
Director of Banking Markets, Innovation and Consumers, European Banking Authority (EBA)
Director in the Group Public Affairs team, Société Générale
Group Sustainability Manager, Borsa Italiana (LSEG)
Deputy Director for Green Finance and Prudential Policy, HM Treasury
Executive Director, International Financial Reporting Standards Foundation
In this blog, the authors argue that two aspects of the European resolution framework are particularly in need of reform – the bail-in regime and the resolution mechanism for cross-border banks – and proposes a reform of both.
In this workshop, invited guests will discuss priorities and proposals for the Italian G20 Presidency for a green local infrastructure agenda.
“We are not going to lead our society to a low-carbon economy by continuing to finance the status quo. “
The European Central Bank portfolio is skewed towards the brown economy, reflecting a bias in the market. Can and should the bank deviate from the market allocation?
Different EU and US supervisory approaches to climate risk may hamper efforts to work together and risk fragmenting global markets.
How could additional regulation incentivise investment while upholding the integrity of sustainable finance?
Invitation-only event to discuss innovations in green finance and sovereign and EU issuance of green bonds
"The current design of green bonds means they aren't fulfilling their potential. We propose an alternative: issuance of regular bonds with attached green certificates that ensure earmarking for green purposes. The new design would reduce financing costs and in turn would provide incentives to start a greater number of environmentally-friendly projects."
A look into the intermediary role of Hong Kong in financing cross-border Belt and Road Initiative projects and compare it with Singapore, a similar offshore financial center and competitor.
The plan to fund the European Union’s recovery programme via debt issuance has raised hopes that a new type of euro-denominated safe asset could emerge. As a priority, the European Commission needs a strategy to create a liquid and transparent market in EU bonds. For now, funding through EU green bonds would complicate that effort.
European Union green bonds, as promised by European Commission president Ursula von der Leyen, might be better linked to the bloc's achievement of its climate goals, rather than project-by-project green criteria.
Evaluation of the global reforms implemented to deal with "too-big-to-fail banks".