Klaas Knot: Supervision and green finance?

Opening speech by Mr Klaas Knot, President of the Netherlands Bank, at the first International Climate Risk Conference for Supervisors, Amsterdam, 6 April 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Dear Governors, Deputy Governors, Executive Directors, and Board Members, Dear Chairs, Secretary Generals and Director Generals, Dear Supervisors, Regulators and Market Participants,

And dear members of the organizing committee,

Dear Everyone,

Welcome to the first ever International Climate Risk Conference for Supervisors! It is our sincere pleasure to welcome you to the beautiful city of Amsterdam to discuss how climate-related risks could affect our financial institutions, and thus affect our mandate as a central bank and supervisor. This conference is organized not only by ourselves but also by the ACPR and the Bank of England, and the conference is an initiative of the Network for Greening the Financial System, which was launched in Paris in December of last year. This Network aims to strengthen the global response required to meet the goals of the Paris agreement and enhance the role of the financial system to manage risks and to mobilize capital for green and lowcarbon investments.