A candidate for Bank of Japan governor discusses green capital spending as a solution to Japan’s anemic growth, an ECB paper on the importance of double materiality, the NGFS on credit ratings and more from this week in green central …
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.
Mainstreaming disclosure is an essential step towards aligning China’s financial system with sustainability but is far from sufficient to guarantee a sustainable financial future, says Cheng Lin of the Beijing Institute of Finance and Sustainability.
Seventy percent of US retail investors want the SEC to require all public corporations to disclose standardised information about their climate risks, according to a new survey.
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.
Climate activists protested outside the Swiss National Bank’s AGM last week, highlighting the central bank’s substantial funding of fossil fuels and calling for climate-related disclosures and transition plans.
The Financial Stability Board has launched a public consultation on supervisory and regulatory approaches to climate-related risks, seeking feedback on a report and recommendations.
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.
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