Ukraine: ECB to take “whatever action is needed”
As the economic effects of Russia’s invasion of Ukraine reverberate across Europe, the European Central Bank has said that it is ready to take “whatever action is needed” to ensure price and financial stability.
Eurosystem can add climate to collateral assessments, study shows
A new report shows how the ECB and national central banks can integrate climate and environmental criteria into the Eurosystem’s collateral framework and protect pledged assets from associated risks while fulfilling its secondary mandate.
Weekly roundup: Fed confirmations, collateral assets and bitcoin
The US Senate banking committee chair on Fed confirmations, climate risks to asset backed securities, the huge carbon footprint of bitcoin transactions and other news from this week in green central banking.
Scorecard update: G20 central banks failing on climate
A major study by Positive Money and Green Central Banking reveals that G20 central bankers and financial supervisors remain stuck in data-gathering exercises and are failing to meaningfully respond to the climate and ecological crisis.
Weekly roundup: climate defaults and the ECB’s mandate
Residential mortgages pose a climate risk to US financial stability, Canadian and Australian regulators to expand disclosure expectations, a new FSB financial stability surveillance framework, and more from this week in green central banking.
New ECB climate and monetary policy analysis released
The ECB has published a substantive review and analysis of climate change and monetary policy in the euro area, identifying potential problems with monetary policy transmission as a result of climate-related impacts.
Weekly roundup: Climate risk weighting and Lagarde on price stability
Finance Watch’s Thierry Philipponnat on climate risk weighting in capital allocations, a new Chair of the Fed’s Financial Stability Climate Committee, Christine Lagarde on price stability, and more from this week in green central banking.
New tool tracks monetary and financial climate policy
A new interactive tool tracking climate-related monetary and financial policies in 30 countries has been launched by the E-axes Forum, an independent research organization focusing on macroeconomic policies and sustainability. A second tool tracks emerging academic literature in climate economics …
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