Launch event – Climate Financial Risk Center in Latin America and the Caribbean

On December 2nd, 2022, in Mexico City, the United Nations Environment Programme (UNEP), its Finance Initiative (UNEP FI), the Association of Central Banks of Latin America and the Caribbean (CEMLA), the Association of Supervisors of Banks of the Americas (ASBA), and the Latin American Association of Insurance Supervisors (ASSAL), with the financial support of the European Commission through the EUROCLIMA+ Programme, will launch the Climate Financial Risk Center in Latin America and the Caribbean (CFRCenter).

The CFRCenter is a hub, the first of its kind in the LAC region, that will promote open discussion, build capacity, and share knowledge and best practice on how central banks and financial supervisors and regulators can adapt to identify, assess, disclose, and manage climate-related financial risks. The CFRCenter will promote regional convergence and incorporate climate financial risks as a fundamental driver of policy action to maintain monetary and financial stability.

The CFRCenter will be launched in the framework of the III Central Banks Conference on Environmental Risks - Macroeconomic and financial implications of climate change: How can central banks and financial supervisors and regulators take immediate action in addressing climate-related risk? This conference has been organized by UNEP, UNEP FI, and CEMLA, with the financial support of the EUROCLIMA+ Programme.

The event will have the presence of 100 senior representatives of Network for Greening the Financial System (NGFS), Central Banks of Canada, England, France, Denmark, Spain, European Central Bank (ECB), and central banks and financial supervisors and regulators from across the entire LAC region.

The conference will explore how climate-related risks create financial risks, with a focus on how central banks and financial supervisors and regulators can incorporate these emerging risks into their mandates. Finally, during the conference LAC central banks and financial supervisors and regulators will draft and agree on a regional workplan to be implemented through the CFRCenter.

Please find attached the agenda for further details: Download document and agenda