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 …
Basel Committee agrees principles for climate risk management
The Basel Committee on Banking Supervision has agreed on principles for managing and supervising climate-related financial risks, providing an international baseline for banking regulators’ approach to climate change.
NGFS examines potential paths to climate capital requirements
Central banks could adjust capital requirements and buffers based on forward-looking tools such as climate scenario analysis and examining transition plans, the NGFS has said.
Green mandate proposed for Chile’s central bank
A proposed green mandate for Banco Central de Chile, the BoJ releases its TCFD-aligned disclosure, Lagarde on greenflation, Green Swan 2022 and more from this week in green central banking.
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.
Weekly roundup: monetary policy will determine greenflation
Climate-related price instability, a new transition risk tool, calls for climate justice, civil disobedience from scientists protesting fossil fuel finance, and more from this week in green central banking. Climate-related inflation depends on monetary policy Carbon pricing is just one …
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