Weekly roundup: capital requirements vs supervision and Indonesia’s green agenda
Basel capital requirements versus supervision, Bank Indonesia’s green agenda, a new BIS green bond fund for Asia, the climate cost of bitcoin and more from this week in green central banking.
Weekly roundup: green inflation and ‘one-for-one’ capital requirements
The green inflation myth, a call for ‘one-for-one’ capital requirements, climate lessons from economic research, US climate disclosure rules and more from this week in green central banking.
BoE to hold climate capital conference
The BoE has announced a conference on adjusting the international capital framework to take account of climate-related financial risks, calling for papers on using prudential capital tools to mitigate those risks.
Canadian regulator to act on climate risk buffers
Canada’s top financial regulator will act to ensure that banks and other financial institutions have sufficient capital to weather the effects of intensifying physical climate risk.
Weekly roundup: Hong Kong stress test and Malaysia climate requirements
A climate risk stress test of Hong Kong banks, new regulations for Malaysian banks, a review of research on monetary policy and climate risk and more from this week in green central banking.
2021: plenty of climate talks, but little practical progress
As the climate and ecological crises continue to accelerate, central banks have made slow progress in addressing their role as calls grow to stop the funding of the destruction of the natural world.
Climate campaigners call for ‘one-for-one’ capital requirements
Academics, economists and civil society organisations are calling for regulators to introduce ‘one-for-one’ capital requirements for financial institutions funding new fossil-fuel projects, similar to the Basel Committee’s proposals for cryptoassets.
G20 leaders fail to agree on climate finance regulation
The G20 summit in Rome has concluded without agreement on financial regulation to reduce growing climate-related risks to economic and financial stability. Commitments on sustainable finance were largely confined to calls for further research and analysis.
Weekly roundup: climate protests and a new Korean green lending programme
A Nordic perspective on climate and central banking, a new targeted green lending programme from the Bank of Korea, coordinated climate protests at the Fed, ECB, Bank of England and Bundesbank and more from this week in green central banking.
Scorecard update: G20 central banks failing on climate
A major study by Positive Money and Green Central Banking reveals that G20 central bankers and financial supervisors remain stuck in data-gathering exercises and are failing to meaningfully respond to the climate and ecological crisis.
From diagnosis to action: bridging the disconnects in the FSOC report
The recent FSOC report on climate-related financial risk shows the gap between diagnosing the problem and acting to address it is significant, says Alexander Barkawi.
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