ESMA calls for double materiality in ISSB standards
The European Securities and Markets Authority calls for double materiality in global sustainability standards, a progress report from the Financial Stability Board, sustainability guidance from the Philippines central bank and more from this week in green central banking.
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.
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”.
EBA chair calls ESG risk a ‘clear and present danger’
European Banking Authority highlights ESG to banks, a study finds Paris target will require stranded assets, war and the reality of a disorderly transition, and more from this week in green central banking.
Call for central banks to use own climate risk ratings
A Reserve Bank of New Zealand consultation on climate and monetary policy, a call for central banks to use their own climate credit ratings, a Fed review of central bank climate communications and more from this week in green central …
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: mandatory climate disclosures and new green taxonomy
Canada’s mandatory climate disclosures for banks and insurers, Colombia’s new green taxonomy, Malaysia’s financial exposure to nature-related risk, 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.
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