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A man holding a phone to his ear walks past a large display of national flags, arranging in a series of concentric circles
News| February 3, 2023

Systemic view needed when implementing climate regulation, says World Bank

Climate-related prudential measures must be carefully calibrated in order to avoid migrating risks to smaller lenders, World Bank economists have warned.
The EU flag billowing in the wind against a blue sky
News| February 1, 2023

EBA says proposed European disclosure standards are ‘well balanced’

The European Banking Authority’s comments on draft sustainability reporting standards also provide recommendations for greater alignment with international frameworks.
Weekly roundup
Three blue-and-yellow macaws perched on a branch
News| February 1, 2023

Central banks urged to study nature-economy tipping points

Nature-related risk assessments must consider tipping points, World Bank considers impact of climate capital measures, and more from this week in green central banking.
Bank of England
News| January 31, 2023

BoE puts climate capital plans on hold

The Bank of England will not release guidance in the near future on potential changes to its capital framework in light of mounting climate-related risks, despite an earlier commitment to do so.
Opinion
A close-up of a black swan, head and neck curved over its body
News| January 26, 2023

Taming the green swan: Asia Pacific prudential regulation in the face of climate risks

Countries in Asia Pacific region can use micro and macroprudential policies to build resiliance to the effects of the climate crisis, according to policy experts from WWF. …
The European Parliament building in Brussels with flags of member states in the foreground
News| January 25, 2023

EU lawmakers opt against one-for-one climate capital requirements

EU lawmakers have opted against supporting a one-for-one capital rule for lending to new fossil fuel projects, despite backing a similar measure for crypto assets.
An oil rig at sea, silouhetted against a setting sun and orange sky
News| January 23, 2023

EU lawmakers to vote on one-for-one climate capital measures

The European Parliament’s economic affairs committee is due to vote on a proposal to require banks to hold additional capital against fossil fuel loans.
A woman wearing a head scarf looks to her rights through a pair of binoculars
News| January 19, 2023

Fed scenario analysis, World Bank reform push and ECB deadline: 2023 in green central banking

The Fed’s inaugural climate scenario analysis exercise and an ECB deadline on banks’ management of climate risks are among the key milestones in green central banking in the year ahead.
Skyscrapers reflected in a reflective wall which bears the logo of Wells Fargo
News| January 18, 2023

Fed releases pilot climate scenario analysis details

The Fed has released the scenarios that the largest US banks will have to consider to determine their resilience to climate change.
Jerome Powell speaking at a lecturn, with the flags of the US and the Federal Reserve behind him.
News| January 12, 2023

Fed ‘will not be a climate policymaker’, says chair

Jerome Powell in a speech on central bank independence declared that “we are not, and will not be, a ‘climate policymaker.’”
Brown smoke envelopes tall tropical trees which fade into the distance as the smoke gets thicker
News| January 11, 2023

Could Lula’s presidency accelerate BCB climate action?

The Brazilian president’s pro-climate stance could create a favourable political context for the central bank to take further action, according to a policy expert.

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