Green prudential regulation: a comparison tool for risk-weighted assessments
How can risk-weighted assessments be designed to include climate and environmental factors? Economists Lorenzo Esposito, Giuseppe Mastromatteo and Andrea Molocchi propose 10 principles for effective green prudential regulation.
Banker’s comments show we can’t rely on them to respond to the climate crisis
When HSBC’s responsible investment head asked who cares if Miami is underwater in 100 years, he revealed what global banks really think about the climate crisis, argues Lukasz Krebel of the New Economics Foundation.
Basel principles-based approach not sufficient to address climate-related risks
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.
Housing the green transition in the EU with the right banking regulation tools
Buildings generate over one-third of the EU’s CO2 emissions, and economists from the Bank of Italy and Ricerca sul Sistema Energetico have developed a banking regulation tool which they say will help accelerate the green transition in the sector.
Blip, crisis or collapse: why financial regulators need to prepare for more than a climate crisis
Financial regulation is shaped by previous crises, but the climate crisis is like nothing else and so regulators are woefully unprepared, argues James Vaccaro of the Climate Safe Lending Network.
Enhancing disclosure to scale up sustainable finance in China and beyond
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.
Why central banks should be concerned about nature loss
Using existing networks and adapting climate change work can help central banks speed up their response to nature-related risks and address the other side of the environmental crisis, say Maud Abdelli, Chiara Colesanti Senni and Adrian von Jagow.
For PBoC’s new green lending tool, transparency and verification are key
China’s carbon emission reduction facility must provide enough of an incentive to influence lending decisions, while also supporting prudent allocation of funds, says economist Sebastian Guo.
From diagnosis to action: bridging the disconnects in the FSOC report
The recent FSOC report on climate-related financial risk shows the gap between diagnosing the problem and acting to address it is significant, says Alexander Barkawi.
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