What Role for Financial Supervisors in Addressing Environmental Risks?

Dirk Schoenmaker, R Van Tilburg

Research output: Contribution to journalArticleAcademic

35 Citations (Scopus)

Abstract

A literature is rapidly developing on financial shocks originating from ecological imbalances. These shocks can be triggered by either intensified environmental policies, clean tech breakthroughs or due to the economic costs of crossing ecological boundaries. However, financial supervisors have so far given little attention to this ecological dimension. This allows systemic financial imbalances resulting from ecological pressures to build up and concentrate in financial institutions and markets. This paper sketches the ecological dimension of the prudential policy framework and illustrates the working for the case of carbon emissions.
Original languageEnglish
Pages (from-to)317-334
Number of pages18
JournalComparative Economic Studies
Volume58
Issue number3
DOIs
Publication statusPublished - 2016

Research programs

  • RSM F&A

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