Conference “Water and financial stability: moving from risks to resilience”

Opening remarks

Moderator: Juan Carlos Delrieu, Head of ESG Office, Banco de España

Participants:

Soledad Núñez, Deputy Governor, Banco de España
Mathilde Mesnard, Deputy Environment Director, OECD
Kate Brauman, Global Water Security Center and University of Alabama

Session 1. Water shocks and systemic risk

Moderator: Sophie Trémolet, OECD

Participants: 
Nicola Ranger, Executive Director, Earth Capital Nexus & Professor in Practice, Natural
Capital, Risk & Finance, London School of Economics and Political Science (LSE)
Salome Tvalodze, Head of Sustainable Finance Division, National Bank of Georgia
Edouard Perard, Head of Water Division, EIB
Irene Alvarado Quesada, Environmental Economist, Central Bank of Costa Rica

Keynote: Elías Albagli, NGFS Nature Taskforce co-chair and Director of Central Bank of Chile’s Monetary Policy Division

Session 2. Economic impacts to sectors and global supply chain vulnerabilities

Moderator: Marie Gabet, Sustainable Finance Specialist, NGFS

Participants: 

Yuvan A. Beejadhur, Senior Adviser, World Trade Organisation
Amy Luers, Head of Sustainability Science and Innovation, Microsoft
Eduardo Nali, Head the Water and Sanitation Department, BNDES
Concepcion V Marcuello Olona, Coordinator of international water affairs, Ministry for the
Ecological Transition and the Demographic Challenge, Spain
Andrew Roby, Senior Water Security Adviser, Foreign Commonwealth and Development
Office (FCDO), United Kingdom

Session 3. Financial Supervision - systemic risk and resilience

Moderator: Marie Gabet, NGFS

Keynote: Irene Heemskerk, Head, Climate Change Centre, European Central Bank

Participants: 
Alberto Casillas Cuevas, Senior Advisor to the General Director at the Banco de España
Helena Viñes Fiestas, Chair of the EU Platform on Sustainable Finance, Commissioner of the Spanish Financial Markets Authority, co-Chair of the Taskforce on Net Zero Policy
Hanne van Voorden, Head of Supervisory Practices and Operations, IAIS
Najwa Mouhaouri, Head of the Climate Finance Regulation Department - Banking Supervision Central Bank of Morocco

Discussant: Maud Abdelli, Greening Financial Regulation Initiative Lead WWF

Session 4. Fiscal risk in a water-insecure world

Moderator: Noelia Jiménez, Banco de España

Participants:
Esther Gordo, Director of Economic Analysis at the Independent Fiscal Authority (AIREF)
Helene Ehrhart, Economist, AFD
Ram Sri, Vice President Sustainable & Transition Finance, Moody’s
John Matthews, Director AGWA
Tim Segboer, Senior Advisor Regulatory and Corporate Affairs, NWB Bank

Session 5. The critical role of insurance

Moderator: Lylah Davies, Policy Analyst, OECD

Participants: 
Nicolas Jeanmart, Head of Personal and General Insurance, Insurance Europe
Francisco Espejo Gil, Deputy Director of Economic Studies and International Relations,
Consorcio de Compensación de Seguros
Esther Baur, Switzerland & Global Market Development, Director, Public Sector Solutions, Swiss Re
Thomas Viegas, Group Nature Lead, Aviva
Christopher Gasson, Managing Director, Global Water Intelligence

Session 6. Pricing water risks and designing resilient transition pathways

Moderator: Josefina Maestu, University of Alcalá

Participants:
Antonio Blanco, Head of Climate and Sustainability Risks, BBVA
Tom Hegarty, Associate Director, TNFD
Luke Sussams, ESG Strategy Lead, Jefferies
Kristen James, Sustainability Leader, Ceres

Discussant: Cate Lamb, Freshwater Lead, UNEP FI

Session 7: Roundtable discussion

Moderator: Cate Lamb, Freshwater Lead, UNEP FI

Participants: 

Session 1: Sophie Trémolet, Water Lead, OECD
Session 2: Joe Ray, Head of Water, CDP
Session 3: Maud Abdelli, Greening Financial Regulation Initiative Lead, WWF
Session 4: Noelia Jiménez, Senior Economist, Banco de España
Session 5: Lylah Davies, Water Risks Policy Analyst, OECD
Session 6: Josefina Maestu, University of Alcalá

Closing: 

Moderator: Sophie Trémolet 

Participants:

Yann Marin, Secretary General of the Network for Greening the Financial System and
Head of the Markets and Financial Stability Division, Banque de France
Mathilde Mesnard, Deputy Environment Director, OECD
Lucía Rodríguez, Member of the Governing Council and of the Executive Commission,
Banco de España