Climate change and financial stability

In the context of its annual cycle of conferences on financial systems, AFD organizes a webinar on the implications on financial stability from climate change and how this affects the work of central banks and supervisory authorities.

It is now widely recognized that climate change induces a variety of economic and financial risks. In January 2020, Banque de France and the Bank for International Settlements published a book entitled The green swan , the title referring to unexpected and rare events where traditional approaches to risk management are largely irrelevant to assess future climate-related risks, hence increasing the likelihood of systemic financial crisis.