About this learning event

In this workshop, we will delve into the transition towards a sustainable, low-carbon economy and examine how central banks are integrating sustainability into their financial asset management and monetary policy implementation. We will look at practices from markets and monetary operations departments, with particular attention to asset management and investment strategies - including portfolio design, the use of green instruments, and experiences with tilting portfolios to support the development of sustainable capital markets.

We will also explore how central banks are adapting their market operations and collateral frameworks to reflect climate considerations, and how they employ scenario analysis, eligibility criteria, and disclosure practices to embed sustainability into daily operations. These examples will provide participants with insights into how central banks balance their traditional objectives of liquidity, safety, and return with the challenges of climate change and the demands of the green transition.

What will you learn:

Day 1 – Integration of Green Finance, Central Bank Risk Management, and Monetary Operations
- Introduction to green and sustainable finance: the evolving role of central banks
- Assessing and managing climate-related financial risks
- Integrating sustainability into central-bank risk management frameworks
- Monetary policy and operations perspective: sustainability considerations and covered-bond market practices
- Risk administration approaches in monetary operations

Day 2 – Sustainable Investing and Asset Management Practices
- Introducing sustainable investing, strategy, and disclosure approaches
- Greening central-bank investment portfolios and purchase programs
- Climate-related transparency and disclosure frameworks

Who should attend

This workshop is designed for central bank employees involved in banking operations, financial market operations, asset management, and monetary policy-making. It is also highly relevant for financial regulators and professionals working in risk management departments.

Faculty

• Harriet Richards, Manager, Climate Risk Team, Bank of England
• Dejan Goljuf, Head of Asset Management, Banking Operations, Banka Slovenije
• Jure Jerovšek, Consultant, Risk Management, Banka Slovenije
• Márton Varga, Head of Department for Monetary Policy Instruments and Reserve Adequacy, National Bank of Hungary
• Luminița Tatarici, Senior Economist, Financial Stability Division, National Bank of Romania
• Mërgim Haziri, Investment Analyst, Central Bank of Kosovo
  
• Katerina Koçi, Head of Risk Administration and Analysis Division, Department of Monetary Operation, Bank of Albania

Partners

This learning initiative was supported by: