Financial Policy in the Era of the Climate Crisis: An African Perspective
Key information
- Date
- Time
-
5:30 pm to 7:30 pm
- Venue
- SOAS Gallery
- Room
- Gallery Lecture Theatre
- Event type
- Lecture & Event highlights
About this event
Based on her experience as a central banker and banking sector supervisor in Africa and internationally, Fundi Tshazibana outlines key challenges that climate change poses for central banks and the financial sector. While many central banks have added to their established roles, such as control of inflation, by including climate-change mitigation and adaptation in their tasks – despite central governments leading their countries’ strategy - Tshazibana asks why central banks should take on such climate-related tasks.
Dissecting the various policy tools being proposed for central bank action on climate change, Fundi Tshazibana argues from the perspective of central banks in Africa against one of the best-known proposed direct policies and for indirect reduction of climate change effects through strengthening the financial sector’s resilience.
About the speaker
Ms N (Fundi) Tshazibana
Ms Fundi Tshazibana has been a deputy governor and an executive director the Board of the South African Reserve Bank (SARB) since 2019. She is currently also the CEO of the Prudential Authority. The Prudential Authority regulates banks, insurers, cooperative financial institutions, financial conglomerates and certain market infrastructures. As CEO of the Prudential Authority, Ms Tshazibana leads the Prudential Cluster of the SARB, which includes the Financial Surveillance Department and the departments within the Prudential Authority. She was appointed as vice-Chair of the Network for Greening the Financial System (NGFS) in early 2024. Before the rotation of the deputy governors on 1 April 2022, she oversaw the Financial Markets and International Cluster and Chaired the Board of the Corporation for Public Deposits.
Ms Tshazibana joined the SARB in 2018 as Adviser to the Governors. From 2015 to 2018 she was alternate executive director on the Executive Board of the International Monetary Fund and was previously Deputy Director General responsible for Economic Policy at Forecast at the National Treasury.
