Proposals to elevate competitiveness ahead of climate change as new objectives for UK financial regulators have been widely criticised by civil society groups.
A coalition of international NGOs and senior academics have issued a powerful call to action, demanding that central banks use all available tools to address climate change and biodiversity loss.
The ECB’s Lagarde on climate change and inflation, a climate warning from the NGFS chair, new disclosure rules from the Bank of Thailand, a Green Swan compilation and more from this week in green central banking.
A new report from the ECB and ESRB finds that climate-related shocks could be amplified by complex interdependencies, spreading quickly through the European financial system, affecting households, companies and banks.
A climate risk survey of Australian financial institutions has found widespread oversight at board level but much weaker performance on climate-related targets and metrics, particularly in the banking sector.
The Reserve Bank of India has released a discussion paper outlining its approach to managing the climate risks faced by Indian financial institutions, the first major climate-related policy document it has published.
Civil society express deep concerns about Yellen’s comments on the FSOC, India’s banks lags behind on climate risk, and more from this week in green central banking.
The Malaysian central bank has launched a public consultation on a proposed climate risk stress testing exercise of the country’s banks and insurers to take place in 2024.
A searchable climate and sustainability disclosure database from the BIS, stronger HKMA climate risk supervision, green bonds in central bank reserves and more from this week in green central banking.
The South African Reserve Bank intends to incorporate climate-related risks into its regulatory and supervisory framework and develop monetary policy guidelines for responding to climate change, according to its latest annual report.
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.
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