David Clarke

Climate-related prudential measures must be carefully calibrated in order to avoid migrating risks to smaller lenders, World Bank economists have warned.

Nature-related risk assessments must consider tipping points, World Bank considers impact of climate capital measures, and more from this week in green central banking.

The Bank of England will not release guidance in the near future on potential changes to its capital framework in light of mounting climate-related risks, despite an earlier commitment to do so.

EU lawmakers have opted against supporting a one-for-one capital rule for lending to new fossil fuel projects, despite backing a similar measure for crypto assets.

ECB considers corporate bonds shift, SEC climate rule due in April, and more from this week in green central banking.

The European Parliament’s economic affairs committee is due to vote on a proposal to require banks to hold additional capital against fossil fuel loans.

The Fed’s inaugural climate scenario analysis exercise and an ECB deadline on banks’ management of climate risks are among the key milestones in green central banking in the year ahead.

The Brazilian president’s pro-climate stance could create a favourable political context for the central bank to take further action, according to a policy expert.

Climate shocks could force central banks to reassess their inflation targets, according to Ayhan Kose of the World Bank.

The governor of the Reserve Bank of Australia clashed with a lawmaker on Monday over a proposal for the bank to play a bigger part in addressing climate change.

The Bank of Japan says it is taking steps to correct a potential carbon bias in its operations, but critics claim its actions are inadequate.