In its latest annual report, the Banco de España has identified “moderate” short term climate-related risks facing Spanish financial institutions, rising dramatically as physical risks materialise.
A Nobel laureate says supervisors must understand climate uncertainty, systemic risk buffers and climate risk, an FSB call for transparency, cooperation and a holistic perspective, and more from this week in green central banking.
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.
The ECB has supported EU proposals on green capital requirements and transition plans, saying it is already empowered to implement climate-related systemic risk buffers.
Almost a third of respondents have encountered climate denial among financial sector decision-makers, with 93% saying they had encountered negative attitudes towards climate action.
Canada’s mandatory climate disclosures for banks and insurers, Colombia’s new green taxonomy, Malaysia’s financial exposure to nature-related risk, and more from this week in green central banking.
Climate-related scenarios and physical shocks, a call for ECB targeted green financing, the MNB’s climate-related financial disclosure, and more from this week in green central banking.
A report from a coalition of civil society groups shows that the world’s 60 largest private banks provided USD$742bn in fossil fuel lending during 2021, including $185.5bn for fossil fuel expansion.
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.
A senior BoE economist has called for lenders to disclose the ratio of energy-efficient mortgages they hold, allowing investors and regulators to assess exposure to energy price shocks and climate-related transition risks.
ECB executive board member Frank Elderson has said that the inclusion of climate and environmental risks in the central bank’s supervisory review and evaluation process “will ultimately influence banks’ minimum capital requirements”.
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