Rafael Del Villar Alrich, Mariana Escobar Uribe, Carolina Flores Tapia

“Greening the Financial System: Policy Options for Monetary and Financial Authorities in Latin America”

Event description

This was a panel discussion where Rafael del Villar, Mariana Escobar Uribe and  Carolina Flores Tapia discussed the current policy and research priorities for Latin American financial supervisors and central banks with a focus on Bolivia, Chile and Mexico. They highlighted the need for a taxonomy of green economic activities on which to classify small and medium enterprises. The speakers also indicated the importance of understanding both the physical and financial risks of climate change for vulnerable countries along the Pacific coast. All panelists started the conversation with a review of the current frameworks for climate action at their respective institutions.

Moderator:

Pierre Monnin
Senior Fellow, CEP

Rafael Del Villar Alrich

Chief Advisor to the Governor
Rafael del Villar is an economist at the Instituto Tecnológico Autónomo de México (ITAM) and an Advisor to the Governor of the Bank of Mexico on the issue of green finance. In his role, he has stressed the need for appropriate tools and methodologies to deal with the climate and environmental risks to the Mexican financial system. He has actively participated in the Green Finance Study Group of the G20 from 2016 to 2018 and in the Network of Central Banks and Supervisors for Greening the Financial System in which he leads the Market Dynamics group. He holds a PhD from the University of Pennsylvania and has been professor of economics at the University of Texas A&M and at ITAM, where he was director of the Center for Studies in Competitiveness.

Mariana Escobar Uribe

Head of Sustainable Finance
Mariana Escobar is Head of Sustainable Finance at the Superintendencia Financiera de Colombia. Her previous work has focused on financial inclusion and sustainable banking. She has served as a public policy advisor to the Director of the Department of Social Prosperity, was the Deputy Director of Postal Affairs at the Ministry of Information Technology and Communications, from where she supported financial inclusion initiatives and the development of Fintech in the country. Early on in her career, Mariana served as Citi Colombia´s Sustainability Manager and was a Senior Consultant for BSD Consulting.

Carolina Flores Tapia

Head of the Market Development Unit, Research Division
Carolina Flores is Head of the Market Development Unit in the Research Division and Coordinator of the Climate Change Task Force for the Commission for the Financial Market of Chile, Chile’s comprehensive supervisor of the banking, securities, and insurance markets. She has worked in different financial regulation development instances, including international working groups, mainly associated with changes in the industry, such as payment markets, cybersecurity, and FINTECH.

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