26th Cross-Border Settlement Infrastructure Forum (CSIF) Meeting

ADBI co-hosted the 26th Cross-Border Settlement Infrastructure Forum (CSIF) meeting. The members of CSIF are composed of the central banks and central securities depositories of the ASEAN+3 economies. Since its inception, CSIF has published several reports on establishing a regional settlement intermediary and central securities. Officials from the ministries of finance and securities and exchange commissions of ASEAN+3 will join the meeting.

The 26th CSIF meeting discussed the following:

13th Asia-Pacific Financial Inclusion Forum: Policy Approaches to Support Green Financing of Micro, Small, and Medium Enterprises

Climate change and environmental degradation pose significant risks to the performance of micro, small, and medium-sized enterprises (MSMEs) critical to economic growth and climate resilience. The movement toward green finance mechanisms has the potential to create new financing opportunities for MSMEs while also facilitating the transition to a low carbon economy.

Naning Mardiniah

Naning Mardiniah is a Senior Safeguards Officer (Resettlement) for Indonesia and Timor Leste. In the Resident Mission, she processes and administers safeguard activities, with a focus on resettlement issues in projects in infrastructure, urban development, sector loans, and private sector development. She also evaluates ADB-financed projects to ensure that the projects are designed and implemented in accordance with ADB safeguard policies.

Rishikesh Singh

Rishikesh Singh is a Portfolio Management Specialist in ADB’s Office of Director General, South Asia Regional Department. He is responsible for implementing the ongoing sovereign portfolio of ADB-financed projects covering six developing member countries in South Asia and spanning the transport, energy, urban, social, agriculture and natural Resources, and public finance sectors. His responsibilities also include assessment of the readiness of ADB-financed projects at various stages prior to approval and commitment. 

Interview with Inarno Djajadi of Capital Markets, Financial Derivatives, and Carbon Exchange Supervision

Session 2: How supervisors and regulators in Asia are supporting green financial markets

Some Asian countries have extensive experience managing climate risks for the financial sector and supporting its transition to green finance, while others are only at the beginning of this journey. What crucial lessons, recommendations, and requests do the former have for other financial supervisors, regulators, and the ADB?

Interview with Ernst Rauch of Munich Re

The multilateral development banks can assist financial supervisors as they seek to ensure that financial institutions manage climate risks. They can support them in implementing mitigating measures. And they can support the transition—the scenario that minimizes climate risks—by scaling up green finance to mobilize the funds needed for the transition.

More resources on climate change are available on the Munich Re website https://www.munichre.com/en/risks/climate-change.html.