The high-level principle-based approach adopted by the Basel Committee fails to take into account the specific features of climate-related financial risks, argues Julia Symon of Finance Watch.

The ECB’s supervisory chief has warned banks to act immediately on climate risk rather than waiting to be coerced into doing so by capital rules.

New legislation before the Canadian parliament would introduce capital adequacy rules for fossil fuel lending and require the Bank of Canada to align its activities with the country’s climate commitments.

Gasflation and ‘the energy of freedom’, a ‘climate Minsky moment’, how climate denial has left the Fed’s board as a ‘ghost ship’ and more from this week in green central banking.

Joseph Stiglitz has backed calls for capital rules to be adjusted in order to correct ‘pervasive’ market failures during the green transition.

The inflation threat from a disorderly transition, Bank of England bank stress tests, a new Bank of Italy climate hub, a Bank of Russia climate conference and more from this week in green central banking.

Analysts are projecting a sharp rise in the value of green bonds issued by Chinese companies in 2022, boosted by new rules.