Climate Change and Banking Regulation and Supervision

(2024)

Organising committee: Diwen Gao (Bristol), Dennis Philip (Durham), Giuseppe Pratobevera (Bristol), Klaus Schaeck (Bristol), and Francesco Vallascas (Durham)

2nd Durham Bristol Banking Policy Forum

"Climate change and banking regulation and supervision"

24th October 2024

Lady Hale Moot Court Room

8-10 Berkely Square

Bristol BS8 1HH

8.30 - 9.00

Coffee/Tea and Registration

9.00 - 9.15

Welcome Remarks (Klaus Schaeck, University of Bristol and Dennis Philip, Durham University)

9.15 - 10.45

Research Paper Session 1: (organised by Durham University and University of Bristol)

Chair: Xian Gu (Durham University)

9.15 - 10.00

"Green party politicians, development banks, and the low carbon transition" by Alex Popov (ECB and CEPR) and Michael Koetter (IWH Halle and Magdeburg University)

Discussant: Silvina Rubio (University of Bristol)

10.00 - 10.45

"Corporate cost of debt in the low-carbon transition: The effect of climate policies on firm financing and investment through the banking channel" by Filipo D’Arcangelo (OECD), Tobias Kruse (OECD), Mauro Pisu (National Bank of Belgium, OECD), and Marco Tomasi (University of Trento)

Discussant: Eleonora Sfrappini (University of St Andrews)

10.45 - 11.15

Coffee Break

11.15 - 12.30

Policy and Industry Dialogue Session

Moderator: Evarist Stoja (University of Bristol)

Insights and Initiatives - Banking Policy Ricardo Correa (Senior Advisor, Federal Reserve Board)

Insights and Initiatives - Banking Industry Dave McCarthy (CFO, Tandem Bank) Insights and Initiatives - Banking Industry Sebastian E. V. Werner (Director, Citi) Q&A

12.30 - 13.30

Lunch Break

13.30 - 15.00

Research Paper Session 2 (organised by IBRN)

Chair: Rhiannon Sowerbutts (Bank of England)

13.30 - 14.15

"Climate policy and bank lending: A perspective from the UK" by Giovanni Covi (Bank of England), Maren Froemel (Bank of England), Dennis Reinhardt (Bank of England), and Nora Wegner (Bank of England)

Discussant: Sujiao (Emma) Zhao (Bank of Portugal)

14.15 - 15.00

"Stranded in the ICE: Bank lending and the transition to electric vehicles" by Andrea Fabiani (Bank of Italy) and Stefano Federico (Bank of Italy)

Discussant: Gazi Kabas (University of Tilburg)

15.00 - 15.30

Coffee Break

15.30 - 16.30

“Emerging risks, challenges and opportunities in banking supervision and climate risk”

Moderator: Marie Kemplay (Financial Times, Sustainable Views)

Konstantin Lübbe (Vice Director, Liechtensteinische Landesbank)

Sarah Pritchard (Executive Director, Financial Conduct Authority)

Livio Stracca (Deputy Director, DG Macropru Policy and Financial Stability, ECB and Chair, NGFS Workstream Scenario Design)

16.30 - 16.45

Closing Remarks and Refreshments (Francesco Vallascas, Durham University)

Chatham House rules apply at this forum to promote candid discussions on climate finance

Academic Sessions : 45 minutes (25 min presentation, 10 min discussion, 10 min Q&A)