Application deadline

30 August 2023

Objective

Developments in the financial system, regulatory changes, refinements in broader monetary policy frameworks or other major events such as the COVID-19 pandemic all create new issues and challenges and a need for monetary policy implementation to adjust. Given the effects of climate change on countries and societies worldwide, a new topic has recently been added to the agenda. Against this background, the Eurosystem is discussing how – within its mandate – monetary policy can support green finance and contribute to environmentally-friendly developments in the financial system. The expert panel serves as a platform to provide insights into this debate. It aims to bring together central bank experts to exchange views and share ideas on possible operational measures that are currently under discussion. Participants will be expected to contribute actively to the panel by presenting the work and/or viewpoint of their central bank on this topic.

Contents

• Climate change and monetary policy implementation – fundamental considerations
• Introduction and current developments in the Network for Greening the Financial System
• Monitoring of green or sustainable financial markets
• Management of monetary policy portfolios
• Greenness in the collateral framework
• Climate-related financial risks and the central bank balance sheet

Target group

The expert panel is targeted at central bankers who are directly involved in monetary policy implementation, with many years of experience working in this field. Applicants should have extensive knowledge and a sound understanding of monetary policy implementation and operational frameworks and should be familiar with the debate on green finance. Participants will be expected to contribute actively to the panel by presenting the work and/or viewpoint of their central bank on this topic.

Technical requirements

Computer with microphone, camera, speakers or headphones; an up-to-date internet browser.