Past Event

What is the link between biodiversity loss and financial instability?

Biodiversity loss impacts financial stability. How big is the risk of biodiversity loss for financial institutions?

Date: October 5, 2021, 2:30 pm Topic: Banking and capital markets

video and audio recordings

Bruegel · What is the link between biodiversity loss and financial instability?

Biodiversity is decreasing at an unprecedented rate. But what are the risks of biodiversity loss to financial institutions? And why has this relationship been ignored by economics until now?

At this event, speakers from Banque de France presented “A ‘Silent Spring’ for the Financial System?“, a newly published paper discussing the relationship between biodiversity loss and financial instability in France. The authors found that “42% of the market value of securities held by French financial institutions comes from issuers (non-financial corporations) that are highly or very highly dependent on at least one ecosystem service”.

Presentation by Romain Svartzman

Schedule

Oct 5, 2021

14:30-15:10

Presentation and Conversation

Chair: Guntram B. Wolff, Director

Sylvie Goulard, Second Deputy Governor, Banque de France

Romain Svartzman, Economist, Banque de France

Michael Wilkins, Managing Director, Senior Research Fellow Sustainable Finance, S&P Global Ratings

15:10-15:30

Q&A

Chair: Guntram B. Wolff, Director

Speakers

Sylvie Goulard

Second Deputy Governor, Banque de France

Romain Svartzman

Economist, Banque de France

Guntram B. Wolff

Director

Michael Wilkins

Managing Director, Senior Research Fellow Sustainable Finance, S&P Global Ratings

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Katja Knezevic

[email protected]

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