Singapore monetary authority to decarbonise reserve fund
The Monetary Authority of Singapore has announced a plan to decarbonise its US$300bn reserve fund, amid increasing global interest in the climate impact of central banks’ forex portfolios.
Regulators raise alarm over crypto climate risk to banks
Banks’ increasing exposure to crypto assets with a significant carbon footprint is leaving the financial system more vulnerable to climate risks, according to a new report.
US supreme court ruling prompts fears over SEC climate disclosures
US Supreme Court ruling prompts fears over SEC climate disclosures, Riksbank calls for ban on cryptocurrency “proof of work”, and more from this week in green central banking.
Weekly roundup: monetary policy will determine greenflation
Climate-related price instability, a new transition risk tool, calls for climate justice, civil disobedience from scientists protesting fossil fuel finance, and more from this week in green central banking. Climate-related inflation depends on monetary policy Carbon pricing is just one …
Climate change may force interest rates down, says Riksbank
Climate change may force central banks to keep interest rates low, Sweden’s Riksbank warned in its annual account of monetary policy released on Wednesday. “If climate change increases the risk of catastrophe, makes economic developments more uncertain and worsens growth …
Riksbank releases sustainability criteria for monetary policy
Sweden’s Riksbank has released the sustainability criteria for its corporate bond purchases as part of the bank’s quantitative easing programme. The move follows last November’s Executive Board decision to weaken the controversial principle of market neutrality. Instead, the bank adopted …
Riksbank adds sustainability to asset purchase criteria
Sweden’s central bank, the Riksbank, will weaken so-called “market neutrality” in its asset purchases, according to an executive board decision. From January 1, 2021, the bank will “only offer to purchase bonds issued by companies deemed to comply with international …
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