Fed urges caution in wake of Silicon Valley collapse, so what about climate?
In the wake of the Silicon Valley Bank collapse, the Fed has said a precautionary approach towards risk is needed. Will this be applied to climate-related risk, ask Anne Perrault and David Arkush of Public Citizen.
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.
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.
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.
Basel Committee proposes principles for managing climate risk
The Basel Committee has proposed 18 principles to improve climate-related financial risk management by international banks and financial supervisors, including that banks should incorporate climate risks into their capital and liquidity adequacy assessments.
Study prompts calls for fossil fuel capital requirements
A new study has found that a substantial stranding of fossil fuel assets is necessary if the Paris Agreement target is to be met, prompting civil society organisations to call for risk weighting and other capital requirements to be introduced …
Priorities for the next Federal Reserve chair: assertively take on climate-related risk
Current Fed Chair Jerome Powell has taken little to no action on climate change and the next Fed chair should adopt a dramatically different and proactive approach to eliminating climate risk from the US financial system, write David Arkush and …
Weekly roundup: South Korean oil & gas financing and the financialisation of food
Banque de France on biodiversity risks, the ECB’s Schnabel on climate change and monetary policy, a new report on South Korean oil & gas financing, a climate assessment of Australian banks, the financialisation of food and more in this week’s …
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