Finance in Focus: Incentivizing Investment in Risk Reduction and Adaptation
Short Presentations, Extended Q & A
November 3, 2020
The session will feature context setting presentation from the panel of subject matter experts, followed by an interactive dialogue, Q and A portion where the audience can contribute and up-vote questions. The panel will share leading thinking/doing regarding the why and how of incentivizing and investing for risk reduction and adaptation in BC (with examples/lessons learned from other geographic areas and globally).
This session should appeal to anyone who has an interest in building resilience in Southwest BC: engineers, architects, planners, developers, builders, code officials, financiers, insurers, credit union representatives, etc.. Those with interest in local economic development and building the green/restoration economy would also benefit from attending and contributing to this session.
Is there investor appetite for resilience bonds?
What is the market saying about climate risk disclosures? How do investors think about municipal risk disclosure, and how do the banks differ or overlap?
What do you think is one ‘big move’ that we can advance or accelerate today to foster the investments needed in risk reduction and adaptation required and desired in working towards a resilient 2050 in BCs Lower Mainland?
With Ujala Qadir (Climate Bonds), Dan Oprescu (BC Financial Services Authority), Richard Freund (Climate Disclosure Project- CDP) and Matt Osler (City of Surrey), Moderated by Puninda Thind (Delphi Group & Global Shapers Community)
Frequently asked questions
Ujala Qadir, Climate Bonds
Dan Oprescu, Director of Risk Surveillance, BC Financial Services Authority
Dr. Dan Oprescu is the Director of Risk Surveillance at the BC Financial Services Authority (BCFSA). BCFSA oversees more than 6,000 businesses in British Columbia and works closely with stakeholde
rs including market participants, the provincial government, consumers and other regulators, with a mandate focused on the stability of the BC financial system.
As the potential disruption and financial implications caused by non-financial risks such as climate, cyber risk and pandemics come to the forefront, the work of his team and that of BCFSA leads to more collaboration with non-traditional partners to financial regulation, such as local governments, academia and non-finance related industries.
Dan is a physicist by training and has many years of experience in the field of financial risk. He and his team are currently working on a project to model financial viability under severe stresses such as the COVID-19 pandemic or a major earthquake in Vancouver.
Matt Osler, Senior Project Engineer, City of Surrey
Matt Osler is a Senior Project Engineer at City of Surrey. He has been leading Surrey’s coastal flood and sea level rise related climate adaptation work for the past six years. He studied Civil Engineering at Queen’s University and completed a Master of Business Administration from Simon Fraser University. He has over 10 years of flood management experience and previously worked in the Canadian Coast Guard before joining the City of Surrey Engineering Department.