Stiglitz calls for climate capital rules
Joseph Stiglitz has backed calls for capital rules to be adjusted in order to correct ‘pervasive’ market failures during the green transition.
The BoE has overhauled its corporate bond purchase scheme to favour climate-friendly companies
The BoE has disclosed its climate-related financial risks, including its own balance sheet
The BoE is undertaking a climate stress scenario exercise, with the first results due to be published in 2022
The BoE is considering recalibrating its capital framework to better reflect climate risks
The BoE’s adjustments to its corporate bond purchase scheme were said by academics to have a ‘negligible’ impact
Although the BoE is reviewing its capital requirements, its current framework may not account for the complex features and dimensions of climate risk
The BoE has not yet included climate considerations in its collateral framework
Rank | Country | Aggregate Score (out of 130) | Grade (A+ to F) | Research and Advocacy (out of 10) | Monetary Policy (out of 50) | Financial Policy (out of 50) | Leading by Example (out of 20) |
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56 | C | 10 | 10 | 27 | 9 |
Central Bank/SupervisorBank of England and Prudential Regulation Authority
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