SEC disclosure proposals pit US banks against investors
US Securities and Exchange Commission proposals for mandatory climate-related financial disclosures have met strong opposition from the American banking industry, contrasting starkly with the support the draft rules have received from investors.
Market efficiency mandate requires climate action, say ECB figures
A group of leading ECB figures have argued that demonstrated market flaws surrounding emissions and climate change require corrective action to fulfil the central bank’s mandate of “favouring an efficient allocation of resources”.
Weekly roundup: call for regulators to understand climate uncertainty
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.
Weekly roundup: war and climate may require higher rates, says ECB’s Schnabel
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.
Canadian bill would require climate capital requirements
New legislation before the Canadian parliament would introduce capital adequacy rules for fossil fuel lending and require the Bank of Canada to align its activities with the country’s climate commitments.
Climate high on FSB agenda for 2022
The Financial Stability Board has outlined its work priorities for 2022, including focus on climate-related disclosures, data, vulnerabilities analysis, and regulatory and supervisory approaches.
Weekly roundup: BoE climate stress tests and Bank of Russia climate conference
The inflation threat from a disorderly transition, Bank of England bank stress tests, a new Bank of Italy climate hub, a Bank of Russia climate conference and more from this week in green central banking.
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.
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