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Stable Banks in Challenging Times

Contributions of Andreas Dombret at the Deutsche Bundesbank 2010–2018

Andreas Dombret

Stable Banks in Challenging Times is a collection of speeches delivered by Dr. Andreas Dombret, during his eight-year tenure as a board member of the Deutsche Bundesbank, the German central bank. As witness to the challenges created by the global financial crisis of 2008, Dr. Dombret helped shape large parts of the new regulatory framework. He successfully monitored future developments such digitalization, Brexit and climate change and their effects on the risk situation in the global banking industry and his insights are an invaluable look at the inner workings of global financial regulation and policy.
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Chapter 4: Behind the curve? The role of climate change in banking supervision

Andreas Dombret

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Climate change represents the most significant, and by far most dangerous, challenge our planet is facing. Consequently, the banking sector – as financier of the real economy – needs to take this systemic risk category, which has been largely ignored by most banks up to now, into account. Bank supervision plays a key role in making sure that the risk management of banks adjusts appropriately. But climate change also stands for financial opportunities arising from those large investments necessary to adjust our economies. Andreas Dombret supported Mark Carney, who first addressed these issues; spearheaded the initiative for sustainable, greener finance in Germany; and helped promote the concept in other euro zone countries.

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