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Prudential carve-out reform and quantifying climate change risk

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Prudential carve-out reform and quantifying climate change risk

Thursday 29 April 2021 – Vol.12 Ed.17.4

Commentary: Time to reform the prudential carve-out

By Martina Garcia in London

The economic cost of the prudential carve-out in financial services trade is rising in an increasingly fragmented world, where capital markets risk becoming embroiled in the fight for geostrategic dominance. It is time to reform the carve-out, narrow its scope and make it challengeable at the World Trade Organisation. The FSB and G20 are ideally placed to undertake and sponsor such an exercise.

Read the full commentary on the website.

Meeting: In conversation with Olaf Sleijpen: Quantifying the risk of climate change to financial stability

Wednesday 5 May, 12:00-13:00 BST

Olaf Sleijpen, division director of supervision policy at De Nederlandsche Bank, examines the work that DNB has conducted on establishing standard metrics to quantify climate risk. He analyses how central banks can measure the carbon dioxide impact of their own reserves, balance sheets and measure portfolio risk to mitigate climate impact.

Register to attend here.

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