Misa Tanaka

“Climate Change and Central Banks”

Event description

Misa Tanaka presented the Bank of England’s current and future initiatives to meet the climate change challenge.  She explained the role of the Climate Financial Risk Forum in building capacity and sharing best practice across financial regulators and industry, in order to develop the financial sector’s responses to the risks from climate change. In addition, Tanaka explained how both running the Insurance Stress Test and developing the Climate Biennial Exploratory Scenario are aimed at understanding the exposure and resilience of large banks and insurers to climate-related risks. She also reflected upon the recent COVID-induced recession and the role of central banks in mitigating the damage to the economy.

Moderator:

Pierre Monnin
Senior Fellow, CEP

Misa Tanaka

Misa is the Head of Research at the Bank of England. She has joined the Bank in 2002 after completing a D.Phil in Economics at Nuffield College, University of Oxford. She has held a number of positions across Monetary Analysis, Financial Stability, and Prudential Policy Areas of the Bank. Misa has previously published articles on international policy spillovers, bonus regulations, and sovereign debt finance in Journal of Money, Credit and Banking, Journal of Financial Intermediation, and Economic Journal, amongst others. Misa’s current research interests include prudential policies and the impact of climate change on the financial system.

Paper and slides

“Climate Change and Central Banks” (Slides)

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