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ľ¹ÏÓ°Ôº Financial Sector Advisory Centre (FinSAC) works with client countries in emerging Europe and Central Asia on issues related to financial stability, micro-prudential ?supervision, and banking resolution. As the region begins to emerge from the unprecedented challenges of the COVID-19 pandemic, now is the time to take stock of the economic impact and set the course for a better future.

FinSAC invites its colleagues and friends to meet again in person along with global experts for its international conference on "Supervisory challenges and green transition in post-pandemic environment¡± on May 17-18, 2022, in Vienna, Austria. We will discuss how the banking systems in ECA region were able to navigate through unprecedented times of pandemic, with no significant rise in non-performing loans, while borrower relief measures are gradually phased out. This would be a good time to also discuss the challenges that authorities may face in the post-covid environment, on their way of transition to more advanced credit risk assessment methodologies.

We will also have a look into the future. The green agenda is relevant to us all and there are clear opportunities for governments and regulators to do more in response to climate-related risks. The conference will consider how authorities can strengthen regulation, supervision, and capacity to enhance the management and mitigation of the associated financial risks. Efforts to incorporate them in regulatory frameworks face important challenges, however, such as accurately measuring climate risk over the long term, and using new methodological approaches, so that prudential frameworks adequately reflect actual risks, without weakening prudential regulation.

Please kindly contact Ms. Nurgul Irsalieva at nirsalieva@worldbank.org regarding your participation and Mr. Juan Ortiz jortiz@worldbank.org if you have any questions, suggestions, or special requests regarding the event.