The Basel Committee responded to frequently asked questions to clarify how climate-related financial risks may be captured in the existing Basel Framework.
A UN panel has called for international regulation of net-zero pledges and transition plans to reduce greenwashing and ensure market fairness.
The BoJ releases climate scenario analysis results, CEBRA focuses on the green transition, how the ECB’s climate strategy increased green bond issuance, new E-axes policy briefs and more from this week in green central banking.
The transition impact on sovereign bonds, the BdF reviews scenario analysis, GOP opposition to SEC disclosure proposals, the Jackson Hole Economic Symposium and more from this week in green central banking.
A new BoE staff study has found that 10% of UK bank assets are either directly or indirectly exposed to the transition to net zero, with some likely to benefit from the switch to renewable energy.
The South African Reserve Bank has instructed banks to enhance their resilience against climate risks, ahead of new regulatory guidance due to be published next year.
A new paper argues that financial authorities should deploy incentives and targets to align financial flows with governments’ decarbonisation plans.
Climate risk shocks could rapidly spread throughout the eurozone financial system unless macroprudential tools are mobilised in response, according to a new ECB paper.
IMF staff warn of a “climate Minsky moment”, Elderson expects banks to meet climate expectations by 2025, a new biodiversity standard is launched and more from this week in green central banking.
The high-level principle-based approach adopted by the Basel Committee fails to take into account the specific features of climate-related financial risks, argues Julia Symon of Finance Watch.
The influential Basel Committee on Banking Supervision have published their finalised set of principles for managing and supervising climate-related financial risks, their first explicit climate-related guidance.
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