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Greening Financial Systems and the Role of MDBs

Wednesday, 17 May 2023

(All times in Philippine Standard Time = UTC+08:00)

              Time          
                                                                                   Program               
10:00-11:30
(90 mins)

Registration
Networking Lunch
11:30-13:30
(120 mins)

Special Seminar on Green Investment Banking Scheme
Moderated by: Bruno Carrasco, Director General, Sustainable Development
and Climate Change Department, Asian Development Bank

  •  Presentation 1: Green Investment Banks: Unleashing the Potential of National Development Banks
    to Finance a Green and Just Transition

     Ulrich Volz
    Professor in Economics
    SOAS University of London

    Junkyu Lee
    Chief of Finance Sector Group
    Asian Development Bank

    -Discussants: (10 mins)
    o Pavit Ramachandran
    Country Director of ADB Mongolia Resident Mission

    Q&A (10 mins)

  • Presentation 2: Connecticut Green Banks
    Bert Hunter
    EVP & Chief Investment Officer,

    Connecticut Green Bank (virtual)

    Discussants: (10 mins)
    o Chowdhury Liakat Ali
    Director for Sustainable Finance Department
    Bangladesh Bank

    o Anjum Israr
    Senior Public Management Specialist at Central and West Asia Department
    Asian Development Bank
  • Presentation 3: UK Green Investment Bank
    Adrian Barnes
    Head of Green Analytics, Green Investment Group
    Macquarie Asset Management (virtual)

    Discussants:
    o Dr. Adi Budiarso
    Director for Center for Financial Sector, 
    Ministry of Finance, Indonesia

    o Christine Engstrom
    Senior Director
    Asian Development Bank
13:30-14:30
(60 mins)
Break
14:30-14:40
(10 mins)
Opening event
  • Welcome remarks 
    Woochong Um
    Managing Director General
    Asian Development Bank
14:40-15:00
(30 mins)

Group Photo Session
Break
15:00-17:00
(120 mins)
Session 1: Assessing, monitoring, and addressing climate-related risks in the finance sector:
International experiences and options

Climate change exposes economies to physical and transition risks to the soundness of their financial
institutions 
and the stability of their overall financial systems. To forestall these risks—threatening economic
resilience and 
competitiveness—governments, financial markets, and financial institutions need financial
resources, instruments, 
and skills. This session will focus on these topics:
  • Assessing climate financial risk in the finance sector
  • Setting supervisory expectations for climate risk management in the finance sector
  • Micro- and macroprudential options for supervisors

    Moderator:
    Bruno Carrasco
    Director General, Sustainable De
    velopment and Climate Change Department
    Asian Development Bank

    Panelists:
    Fernando Restoy (virtual)
    Chair
    Financial Stability Institute

    Chris Faint (virtual)
    Head, Climate Hub Division
    Bank of England

    Livio Stracca (virtual)
    Deputy Director General
    Macroprudential Policy and Financial Stability
    European Central Bank

    Lyn Javier
    Assistant Governor
    Policy and Specialized Supervision Sub-sector
    Bangko Sentral ng Pilipinas

    Md. Khurshid Alam
    Executive Director
    Bangladesh Bank
17:00-20:00
Cocktail Reception