Harry Lee is the Head of the Data Governance and Transformation Division in the Monetary Authority of Singapore (MAS). He is responsible for developing and implementing the MAS’ data strategy, which entails putting in place necessary technologies, policies and processes. Prior to his current role, he headed the statistics office of the MAS, and was responsible for the compiling of monetary and financial statistics. For some time now, he has been looking into the availability of good quality climate-related data.
Roundtable 1
Invite-Only
Financial institutions, supervisors, and academia around the world recognize that extreme climate events, as well as a disorderly transition to a low-carbon economy, could have destabilizing effects on the financial system. Climate-related financial risks, stemming from physical and transition risks, pose new challenges to financial authorities and institutions because they are subject to substantial uncertainty, long time horizons and tail-risk. The possible simultaneous occurrence of climate-risks across multiple jurisdictions and sectors also has implications for financial soundness.
To better understand how these climate-related physical and transition risks affect financial soundness, the BIS Innovation Hub Singapore Centre is hosting a roundtable at the Singapore FinTech Festival. The roundtable brings together central bankers, industry experts, and thought leaders from academia and the private sector to advance the discourse on how to bolster the financial sector’s resilience to environmental risks.
The roundtable discussion is split into two parts. In the first, participants will provide insights on both private and public sector programs/projects and use cases to bolster the resilience of financial institutions to environmental risks. In the second, participants will look ahead and share their views on how we can further develop our efforts to prepare financial institutions for the climate-related challenges to come.
The Festival
Global Platforms
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