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A man wades through a flooded street in a quaint Cornish town
May 26, 2022

Banks to offload climate losses onto customers, BoE stress test finds

Banks look able to bear the losses resulting from climate change in part by passing them onto their customers, the Bank of England has reported following its first climate stress test.
Network for Greening the Financial System, Bank of England
The top floors of an office block with the Aviva logo in the upper right corner
May 11, 2022

UK’s top insurer backs green role for financial regulators

Aviva has said it supports giving regulators a statutory duty to facilitate the financial sector’s alignment with net zero and to consider the importance of reversing nature loss.
Bank of England
A power cable plug into an electric car
May 9, 2022

EU urged to bolster transition plan requirements

The EU has been urged to strengthen the powers of the ECB and other supervisors to judge banks’ climate transition plans, and to ensure they stick to them. …
Bank of England, European Central Bank
Weekly roundup
A solider stands bearing a rifle in front of a partially destroyed building, where rescue workers move over the rubble.
May 6, 2022

Weekly roundup: war and climate may require higher rates, says ECB’s Schnabel

Isabel Schnabel warns of climate effect on rates, the Fed finds lower ratings for high-carbon companies, the Bank of Jamaica expands climate risk supervision and more from this week in green central banking.
Bank of Jamaica, Securities & Exchange Commission, International Sustainability Standards Board, Bank of England, European Central Bank, Federal Reserve
Offshore wind turbines against a blue sky
May 3, 2022

UK seeks to boost green investment with insurance rules overhaul

UK authorities are pressing ahead with plans to overhaul the regulatory regime for insurers, in a bid to unlock billions of pounds of green investment. …
Bank of England
Forest wildfire at night
April 29, 2022

FSB launches climate risk consultation

The Financial Stability Board has launched a public consultation on supervisory and regulatory approaches to climate-related risks, seeking feedback on a report and recommendations.
Bank of England, European Central Bank
Coal-fired power station
April 29, 2022

Weekly roundup: ECB paper warns of carbon price risk

The ECB on carbon price risk, a new UK transition plan taskforce, calls for a precautionary approach to address radical uncertainty and more from this week in green central banking.
Network for Greening the Financial System, Central Bank of Ireland, Bank of England, Banque de France, European Central Bank
A woman, Sarah Breeden, standing against a white background, smiling
April 21, 2022

Transition plans key to navigating net zero ‘tightrope’, says BoE

The path to aligning the financial sector with the UK’s net-zero goals is like a “tightrope”, a top Bank of England official has warned. …
Bank of England
April 14, 2022

BoE told to support oil and gas

The UK chancellor has instructed the Bank of England and other financial regulators to consider the government’s commitment to continued investment in the oil and gas sectors.
Bank of England
A swirl of dark grey tornado clouds looms over a derelict barn
April 12, 2022

What do central bank mandates mean for climate and nature?

A consensus has emerged that central bank mandates cannot be delivered without considering the implications of climate change and nature loss.
Bank of England, Bank of Japan, European Central Bank, Federal Reserve, People's Bank of China
Weekly roundup
A solar panel and a wind turbine against a blue sky
April 8, 2022

Weekly roundup: new climate capital tool and call for sustainability baseline

An environment risk weight tool that regulators can use immediately, Omfif calls for global sustainability baseline, a Mongolian sustainable finance roadmap, and more from this week in green central banking.
Bank of Mongolia, Bank of England, European Central Bank

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