Amid intensifying attacks from Republican lawmakers, US treasury secretary Janet Yellen has repeatedly defended regulators’ action to address climate risks.
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.
The BIS has announced the second annual Green Swan conference, bringing together high level central bankers, financial regulators and experts to discuss how the financial sector can act to mitigate climate-related risks.
A consensus has emerged that central bank mandates cannot be delivered without considering the implications of climate change and nature loss.
The US Federal Deposit Insurance Corporation has warned that financially vulnerable people could face greater risks from the adverse effects of climate change.
The White House has opened an investigation into the climate impacts of cryptocurrencies and other digital assets.
BdF releases a working paper on alternatives to perfect data, Indian banks are exposed to climate risks, the Fed announces a conference on climate change and macroeconomics, and more from this week in green central banking.
Sarah Bloom Raskin has withdrawn her Fed nomination after opposition from fossil fuel interests sank her chances of being confirmed by the Senate.
A top US regulator has confirmed there will be a cross-agency effort to test large banks’ climate risk management capabilities, but he gave no timeline for when such tests would be introduced. …
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.
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