OPERATIONAL COMMITTEES: ACADEMIC
Moss Fletcher Lecture
The International Insolvency Institute, together with LSE and South Square, hosted the Moss-Fletcher Lecture in London on 23 October 2025. The London lecture was the second of two Moss-Fletcher lectures. The first was held in São Paulo, Brazil on Friday June 6, 2025. The Moss-Fletcher lecture series is a tribute to the late Gabriel Moss QC and Ian Fletcher QC. The inaugural Moss- Fletcher lectures were delivered by Sir Roy Goode KC in 2023 and Professor Westbrook in 2024. This year’ s speaker is Dr Janis Sarra, Professor of Law Emerita, University of British Columbia, Principal Co-Investigator of the Canada Climate Law Initiative, a member of the Canadian Delegation to UNCITRAL WG V, and past Presidential Distinguished Professor of UBC. In her lecture,‘ Green Swans and Blue Skies: Climate Change and Insolvency Risk for Financial Institutions,’ Dr Sarra engaged with the challenge of climaterelated financial risk. Prudential regulators
and central banks recognize that the systemic nature of climate-related financial risk makes it an emerging vulnerability relevant to crossborder insolvency resolution. The Bank for International Settlements is concerned about potential‘ green swans’, where timing of climate change impacts is uncertain, but there is a high degree of certainty that risks will materialize and negatively affect the financial system. The IMF suggests bank supervisors can mitigate these risks by requiring banks to embed climate in their business strategy, risk management, and governance. Using examples of both hard and soft law tools in Brazil, the UK, and other jurisdictions, the lecture reflected on the most effective regulatory strategies to mitigate risk and build on opportunities. If you were unable to attend the London Moss Fletcher Lecture in person, we’ re pleased to let you know that the full lecture is now available to watch on YouTube. Watch the lecture here.
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