Central Bank of Ireland’s Post

Banks recognize that environmental factors could be a source of financial risk. While the sector is making progress in properly identifying, measuring, and managing climate #risk, banks are also facing key operational and implementation challenges.     To pursue a collaborative approach between the banking sector and the European Central Bank (ECB), we set up a high-level Environmental, Social, and Governance Risk Roundtable (C-ESG). Next week, we will present the first report on the discussion of the C-ESG Roundtable Data Workstream. Join us, the European Central Bank, the European Banking Authority (EBA), and representatives from the banking industry as they discuss the key findings! Register: https://lnkd.in/efa8WUsY  

Are you familiar with work of the 𝗛𝗶𝗴𝗵 𝗹𝗲𝘃𝗲𝗹 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹, 𝗦𝗼𝗰𝗶𝗮𝗹, 𝗮𝗻𝗱 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗥𝗶𝘀𝗸 𝗥𝗼𝘂𝗻𝗱𝘁𝗮𝗯𝗹𝗲 (C-ESG Risk RT) at European Banking Federation (#EBF) ? The Roundtable consists of representatives from 13 banks with 𝗘𝗕𝗙 and European Central Bank acting in observing capacity. They have published these 3 insightful reports discussing current practices, identifying gaps and promoting pragmatic and practical approaches, including interim solutions in the areas of : • 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗱𝗮𝘁𝗮 𝘂𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝗶𝗲𝘀 𝗮𝗻𝗱 𝗣𝗶𝗹𝗹𝗮𝗿 𝟯 𝗘𝗦𝗚 𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀 • 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗮𝗻𝗱 𝗘𝗦𝗚 𝘀𝗰𝗲𝗻𝗮𝗿𝗶𝗼 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, • ESG risks in 𝗖𝗼𝗹𝗹𝗮𝘁𝗲𝗿𝗮𝗹 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 See the details below #ESG, #Climate #data #Scenarios #ScenarioAnalysis #StressTesting #Collateral #Disclosures #RiskManagement #ESGRisks #ClimateRisks  

Join us live for an interesting conversation about the evolution of evaluation at the World Bank and how can we make this function more useful going forward for better development outcomes #worldbank #ieg #evaluation

Now on demand! Many financial institutions are struggling with operational resilience implementation across Asia-Pacific. Discover best practice implementation-related challenges and solutions, including learnings from the UK. Watch now: https://ow.ly/A01p50PASTw Jeffrey Hau Laura Moore Hirun Tantirigama

We expect EMEA banks to face weakening asset quality over the next year, but with provisions normalizing rather than spiking. And while we expect EMEA bank ratings to remain stable despite the challenging macro environment, we see three main risks to our baseline: • Market turbulence and financial instability due to more restrictive financing conditions; • A protracted, painful recession, undermining the financial health of corporates and households; and • Banks' failure to achieve commercially and operationally resilient business models. Read more here: https://ow.ly/pumn50Q2YHu

It’s the latest sign that authorities in the European Union are stepping up pressure on the financial industry to improve its handling of environmental, social and governance risks. Last month, the European Banking Authority said it was revising the framework that sets industrywide capital requirements to better incorporate ESG. The ECB has repeatedly warned that lenders aren’t doing enough to prepare for the fallout of extreme weather shocks on asset values, or the risk that clients with big carbon footprints might go out of business. https://lnkd.in/eaV2fVkR

That's good to hear! Slow and steady progress is still progress. It's great that Tunisia is on the right track towards recovery. 🇹🇳 London, March 22, 2024 -- Moody's Ratings (Moody's) has today changed the outlook on the Government of Tunisia to stable from negative and affirmed the Caa2 long-term foreign-currency and local-currency issuer ratings. Moody's has also changed the outlook on the Central Bank of Tunisia to stable from negative. https://lnkd.in/dnVcKxET

Very interesting perhaps it should be viewed with a longer period ? Ie 10 years or more and to analyze the recovery by market following the main crisis we have seen over 30 years Thanks Wim

Central banking experts, and notable professionals from Asia, Europe, and the USA - featuring Daniel Palotai, Taehyoung Cho, Kamran Khan, Nurkhat Kushimov and Xin Wang - are lined up for engage in comprehensive discussions. Topics on the table encompass the unfolding energy transition, inflationary challenges, economic crises, and the digital and green megatrends. Recognizing the demand for financial system adaptations, the panel would look for the recipe of a sustainable and stable financial system. Follow the live stream here: https://lnkd.in/dr2vEjvC