1 / 10

Dr. Sebastian von Dahlen Economic Counsellor IAIS c/o BIS, Basel London, 25 th June 2014

Disaster Resilience – does regulation matter? UN Summit on Disaster Resilience, 25 th June 2014. Dr. Sebastian von Dahlen Economic Counsellor IAIS c/o BIS, Basel London, 25 th June 2014. Outline. Resilience Disasters Learning

emmy
Download Presentation

Dr. Sebastian von Dahlen Economic Counsellor IAIS c/o BIS, Basel London, 25 th June 2014

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Disaster Resilience – does regulation matter? UN Summit on Disaster Resilience, 25th June 2014 Dr. Sebastian von Dahlen EconomicCounsellor IAIS c/o BIS, Basel London, 25th June 2014

  2. Outline • Resilience • Disasters • Learning • Integrating disaster risk and resilience

  3. 1. Resilience … … (re)insurance, and regulation Toward defining resilience: Source: von Dahlen (2014), forthcoming in «Exploring Extremes» (book) Resilience – synonyms include: flexibility and elasticity

  4. 2. Disasters … … insurance, and GDP growth effects a) Impact on growthpath (GDP) b) Cumulativeeffect (GDP) Source: von Dahlen, von Peter (2014), Journal of Financial Perspectives (forthcoming)

  5. 3. Learning … … including on risks at the sovereign level Source: von Dahlen (2014), forthcoming in «Exploring Extremes» (book)

  6. 4. Integrating disaster risk and resilience … … in financial and wider regulation • On-going IAIS work: • Macroprudential surveillance (MPS) tools / analytics • Toward a global BCR and ICS • More broadly, integrating disaster risks and resilience: • Goes beyond insurance regulation • Should include appropriate incentive structures

  7. 4. Integrating disaster risk and resilience … … and the post-2015 Framework for Disaster Risk Reduction • Proposed architecture of indicator system includes: Source: UNISDR (2014), United Nations Office for Disaster Risk Reduction, Post-2015 Framework for DRR, draft 5 June 2014 • Identify underlying drivers of risk and resilience!

  8. 4. Integrating disaster risk and resilience … … and three resilience and stability dimensions: • Environmentalresilience and stability, Actors: e.g. UN, WB; • Economic resilience and stability, Actors: e.g. G20, OECD, IMF; • Financial resilience and stability, Actors: e.g. FSB, BIS, IAIS, IOSCO; Source: von Dahlen (2014), forthcoming in «Exploring Extremes» (book)

  9. 4. Integrating disaster risk and resilience ... ... into the financial system This should include: • Identifying and analysing prevailing risks; • Reducing existing risks; • Avoiding new risks; • Strengthening financial, economic, social and environmental resilience – 1:100 ? • Supporting stakeholders from different fields.

  10. Thank you!

More Related