At a two-day digital conference organized by UBS, Klaas Knot explained the role central banks can play in aiming for a green recovery after the economic crisis, caused by the pandemic. Irrespective of the many unknowns, we should aim for a 1.5 degree economy when shaping this recovery, he said.
Lees meer over Speech Klaas Knot - “Steps central banks can take on the road to a green recovery”Although until now the banking sector has done relatively well, governor Knot cautioned that, as the COVID-19 crisis persists and the economic impact deepens, the banking sector is likely to feel the consequences of increasing business insolvencies in the near future. In the short term, he urged fiscal and monetary authorities, supervisors, and banks to “continue to do what they have done so far: provide the necessary stimulus, use buffers and provide credit, while keeping prudent levels of capital to be ready for future headwinds.” For the medium term, Knot stressed the importance of looking more closely at regulation of non-bank financial institutions.
Lees meer over Speech Klaas Knot - “COVID-19: how to contain the impact on the financial system”“Hoe je het ook wendt of keert, voor elk pensioenstelsel dat in zekere mate met kapitaaldekking werkt, betekent een lagere rente dat sparen voor onze oude dag duurder wordt.” Dit zei Klaas Knot, president van De Nederlandsche Bank, op het Netspar Pensioen & Wetenschap jaarcongres ’20. Knot sprak eerst over de oorzaken van de lage rente, en vervolgens over de gevolgen, waarbij hij ook over het nieuwe pensioenakkoord en over de pensioenpijlers sprak. Knot besloot met een oproep om mensen die hun pensioen aan het opbouwen zijn zorgvuldig te informeren over de gevolgen van de lage rente.
Lees meer over Speech Klaas Knot - “Gevolgen van de lage rente voor ons pensioen”‘Dit is hét moment voor overheden om het verschil te maken. Door massaal te investeren in vergroening van de economie. En door voorwaarden te scheppen waardoor het ook voor bedrijven en particulieren aantrekkelijker wordt om naar groen over te schakelen.’, Dat zei Frank Elderson vandaag tijdens het jaarlijkse Springtij op Terschelling. Elderson brak onder andere een lans voor overheidsinvesteringen in duurzame energie-infrastructuur, voor verruiming van subsidies en fiscale regelingen gericht op verduurzaming van de woningvoorraad, en beprijzing van schadelijke uitstoot, waaronder een kerosinebelasting.
Lees meer over Speech Frank Elderson - “Groen herstel: vandaag Terschelling, morgen de wereld”The ECB’s monetary policy response to the corona crisis has been both necessary and effective, according to Klaas Knot, president of De Nederlandsche Bank, at the Eurofi Financial Forum in Berlin. He cautioned however, that ‘a broad and encompassing policy response is important to ensure that we don’t rely overly on individual measures that could be subject to unintended side effects if they are kept in place for too long.’
Lees meer over Speech Klaas Knot - “Monetary policy responses to the corona crisis”The European Union can emerge stronger from the Covid-19 crisis if its members are prepared to work together to put an end to the growth divergence within the monetary union. That is what Klaas Knot, President of De Nederlandsche Bank said at the Eurofi Financial Forum on Thursday.
Lees meer over Speech Klaas Knot - “Relaunching growth in Europe together”De Europese Unie kan sterker uit de huidige coronacrisis komen als zij bereid is een gezamenlijke inspanning te leveren om een eind te maken aan de scheefgroei binnen de muntunie. Dat betoogde DNB-president Klaas Knot dinsdag in de twaalfde HJ Schoo-lezing, die hij uitsprak in de Rode Hoed in Amsterdam. De Schoo-lezing wordt jaarlijks aan het begin van het politieke jaar georganiseerd door Elsevier Weekblad.
Lees meer over Speech Klaas Knot - “Samen sterker uit de crisis” Hoe we Europa weerbaarder, welvarender en duurzamer kunnen makenIn his keynote address to the Finance for Nature Virtual Global Series today, Olaf Sleijpen said: “The loss of diversity in nature, just as climate change, poses a major threat to the financial sector, the economy, to prosperity and indeed to our daily lives. We cannot afford to ignore it.” He spoke about the DNB-PBL report ‘Indebted to nature’ and he emphasized the importance that financial firms identify, manage and report the exposure of their portfolios to biodiversity risks.
Lees meer over Speech Olaf Sleijpen - Finance for Nature Virtual Global Series: "Indebted to Nature"At his participation at a Bloomberg virtual session about the global economic and financial challenges during this COVID19 pandemic, Klaas Knot said: ‘The gradual reopening in recent weeks has confirmed that we have moved past the impact phase of the shock, and can now shift our attention toward the recovery phase. Since early June, recent indicators have surprised on the upside’. At the same time, governor Knot emphasized that ample policy support to the economy will remain important also during the recovery phase. Against this backdrop, he again welcomed the recent proposals to arrive at a European Recovery Fund.
Lees meer over Speech Klaas Knot - “Taking root in grounds unsolid: shaping the economic recovery from COVID-19”In his keynote speech at the EIB-ESM seminar, Frank Elderson spoke about the work of the NGFS in supporting central banks to make their investment portfolios greener. He praised the EU green taxonomy, which recently got adopted by the European Parliament, as an immensely important step. At the same time, he stressed that there is still work to do, for example in the area of further broadening the taxonomy and bridging data gaps. Furthermore he encouraged central banks to sign the UN Principles of Responsible Investment and implement them.
Lees meer over Speech Frank Elderson - “Let’s make green the new gold”
