Canadian regulator to act on climate risk buffers
Canada’s top financial regulator will act to ensure that banks and other financial institutions have sufficient capital to weather the effects of intensifying physical climate risk.
Cop26: central banks make further climate commitments
A week dominated by Cop26 began with international climate protests focusing on central banks and ended with commitments from around the world to integrate climate considerations into monetary and financial decision-making.
Weekly roundup: climate defaults and the ECB’s mandate
Residential mortgages pose a climate risk to US financial stability, Canadian and Australian regulators to expand disclosure expectations, a new FSB financial stability surveillance framework, and more from this week in green central banking.
Report finds central banks failing on climate action
A study assessing twelve of the world’s largest central banks against ten climate-related policy criteria has found all failing to align their lending, asset purchases and regulatory activities with the Paris Agreement target.
Weekly Roundup: Mandatory US and EU climate-related disclosures
This weekly round up covers the Bank of Canada’s dirty bonds, SEC and ECB working on mandatory climate disclosures, a new appointment for BoE’s Breeden, European Commission’s annual ‘European Financial Stability and Integration Review’, flaw in TCFD disclosure, and Hungary’s …
Bank of Canada releases new climate scenarios model
The Bank of Canada (BoC) released an analysis of the global economy that combines climate scenarios with existing climate-economy models. The study is one of the first to show climate policy pathways, and assess their distribution of transition and physical risks …
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