BMI Country Risk & Industry Analysis’ Post

In April 2022, the International Monetary Fund (IMF) established the Resilience and Sustainability Trust (RST) as its first new lending facility designed to provide longer-term concessional financing to low- and middle-income countries. This policy brief from the Task Force on Climate, Development and the International Monetary Fund – a consortium of experts primarily empirical research to advance a development-centered approach to climate change at the IMF– aims to improve the RST's framework by evaluating the initial outcomes of RST initiatives. Read More : https://bit.ly/3VVhdOO #WeareAERC #AERCImpact

#WeekendReading ⚡️"Scenarios for Assessing #Climate-Related Risks" 🌱 @NiGEMmodel In partnership with United Nations Environment Programme Finance Initiative (UNEP FI), this report serves as a guide to help financial institutions 💡 by identifying short-term scenario narratives for financial use 📊 Read more 🔽 https://hubs.la/Q02G0g8v0

The Financial Stability Board (FSB) has published its work programme for 2025, highlighting digitalisation, climate change, and the shifting macroeconomic environment as key priorities https://lnkd.in/gkerDtwu

AN INFORMATIVE PIECE OF WORK BY Caterina Lepore, PhD "The Netherlands FSAP focused on three cross-cutting themes—housing, non-banks, and climate risks—while carrying out a comprehensive review of financial sector oversight. The FSAP reviewed the resilience of the Dutch financial system against a set of conjunctural and structural challenges to the economy: the conjunctural challenges included slowing economic growth amid tighter financial conditions, elevated housing prices, large and interconnected nonbanks with major pension reforms underway, and the shift in securities markets trading from London to Amsterdam since Brexit, which raised Amsterdam to systemic importance for the euro area (EA); and the structural challenges focused on climate issues, including climate physical risks associated with roughly a quarter of the country being below sea level, and nature-related transition risks from an uncertain policy path to bring down nitrogen depositions to contain biodiversity loss and comply with European Union (EU) Directives"

We live in an increasingly chaotic world of climate, economic and (geo)political crisis. This new reality creates cascading risks throughout every level of our societies, and our responses should be tailored accordingly. Local and regional governments must now deal with global instability just as much as their national counterparts, however to do so they must radically rethink how they engage with and respond to risk. This is the key message of the joint essay I was delighted to produce with Shayne Kavanagh, which has just been released in ICMA - International City/County Management Association's latest publication: Future-Proofing Government: Essays on Innovation. You can download the entire publication for free via a link in the comments. Ours is essay 5 'The Age of Instability: Why Local Government Finance Needs New Approaches to Risk'.

The Australian Prudential Regulation Authority and ASIC have published findings from recent roundtables held with superannuation CEOs, focusing on climate risk reporting challenges for superannuation reporting entities. https://lnkd.in/dhkQN2Zf

The second day of the B-CCaS "Energy, Climate and Finance" Workshop is under way. A fantastic line-up of speakers will discuss new developments in climate finance. I particularly look forward to the contribution of Ruixun Zhang (check https://lnkd.in/eWJYU77c for his amazing collection of recent research papers). #climatefinance #climaterisk #portfoliooptimisation

🚨 JUST RELEASED 🚨 "Scenarios for Assessing #Climate-Related Risks" 🌱 In partnership with United Nations Environment Programme Finance Initiative (UNEP FI), this report identifies short-term scenario narratives for financial use 📊 particularly for #Assetmanagement, #insurance, bankers and investors ⬇️ https://hubs.la/Q02FNxbk0

Are you up-to-speed on the latest Office of the Superintendent of Financial Institutions Canada proposed guidance on standardized #ClimateScenarioAnalysis? Reach out today to learn more about how #OSFI utilized our and Bank of Canada macro-financial risk factors for the three transition scenarios in development, and explore our #ClimateScenarioAnalysis approach: https://lnkd.in/eK9JSrPS

As #COP29 starts, our infographic summarises our analysis on Central Asia and Caucasus governments investments' climate investment https://lnkd.in/ekArAN7E