From Rapid Relief to a Sustainable Recovery

The event will explore how central banks and regulators have responded to the global economic crisis of the last 18 months, and to what extent they have contributed to a sustainable recovery. It features a keynote address from Ronadol Numnonda, Deputy Governor for Financial Institutions Stability, Bank of Thailand. The following panel discussion chaired by Ulrich Volz, Director of the Centre for Sustainable Finance, SOAS University of London with insights from Mangal Goswami, Executive Director, SEACEN, Nick Robins, Professor in Practice for Sustainable Finance, LSE, Claire Healy, Director Washington DC Office, E3G and Dimitri Zenghelis, Project Leader, Wealth Economy Project, Bennett Institute, University of Cambridge.
This virtual event will be the final event in the series held by a research partnership comprising E3G, the Centre for Sustainable Finance at SOAS University of London, The South East Asian Central Banks (SEACEN) Research and Training Centre, and the Bennett Institute for Public Policy under a project funded by the INSPIRE network. The webinar was introduced by Kate Levick, Associate Director, Sustainable Finance, E3G and was chaired by Ulrich Volz, Director of the Centre for Sustainable Finance, SOAS University of London.

What are the options for sustainable crisis response measures?

We investigate response measures that could be deployed by central banks and other financial institutions in the context of the Covid-19 crisis in a way that contributes to sustainability. Originally conceived to develop a framework for policy responses for the next financial crisis, the project concept was updated to consider policy options for both the stabilisation and the recovery phases of the current crisis. We review and assess existing and novel proposals and present a menu of post-crisis management tools for central bankers, financial regulators, and governments, with an evaluation of their sustainability-related risks and benefits, taking particular note of the environmental and social equity dimensions. The project will consider the suitability of different response options in Europe, Asia, and North America based on available knowledge about tools used in prior crises and in this crisis so far. Policy options for different areas will be discussed in a series of closed and public webinars, and policy recommendations will be published in a policy brief series that will form the basis of an overall summary report.