Is the current macroprudential framework fit for climate systemic risk?
The macroprudential toolbox is already equipped to handle systemic risk and can be adjusted to deal with risks stemming from the climate crisis, says Pierre Monnin from the Council on Economic Policies.
Report: European financial stability at risk from climate shocks
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.
ECB climate stress testing framework shows loss amplification
An enhanced ECB system-wide climate stress testing framework shows that climate-related financial losses in a disorderly transition could be significantly amplified by the market reactions of banks, investment funds and insurers.
Weekly roundup: Three reasons to support double materiality
Three reasons to support double materiality from BdF staff, Eurosystem work to improve climate modelling, a call for regional Federal Reserve banks to act on climate, and more from this week in green central banking. BdF staff outline three reasons …
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: war and climate may require higher rates, says ECB’s Schnabel
Isabel Schnabel warns of climate effect on rates, the Fed finds lower ratings for high-carbon companies, the Bank of Jamaica expands climate risk supervision and more from this week in green central banking.
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