Do Banks Practise What They Preach?
Banks less engaged with environmental risks use positive language in disclosure reports to mask a lack of action, says this BIS paper.
OECD Supervisory Framework for Assessing Nature Related Financial Risks
The OECD has launched a methodological supervisory framework to help central banks assess how nature and biodiversity-related risks affect the financial system.
Report on Microprudential Supervision of Climate-related Litigation Risks
Climate litigation is a rapidly growing source of risk for financial institutions, but the supervisory framework for addressing this is only at an “early stage of development”, a NGFS report says. …
Banks and the Net Zero Transition
The TPI’s first banking sector assessment finds disclosures are still “partial and selective” and banks do not include all on and off balance sheet activities in net zero commitments.
Climate Related Litigation
Climate litigation is “growing rapidly” and central banks should monitor associated financial risks, says the Network for the Greening of the Financial System.
Why the Fed and ECB Parted Ways on Climate Change
According to this study, a supportive domestic environment enabled the European Central Bank to emerge as a leader in climate policy, while the Federal Reserve lags behind.
Net Zero Standard for Banks
The IIGCC’s Net Zero Banking Standard sets out investor expectations for banks on the transition to net zero and aims to create a “gold standard” for assessing banks’ transition efforts.
The Implications of National and International Carbon-Pricing Policies for the South African Reserve Bank
Sarb researchers explore the financial stability implications of carbon pricing schemes and carbon border taxes, and make recommendations to create more robust carbon risk monitoring.
Climate-related Risks and the Regulatory Capital Framework
Gaps in the understanding of climate risks create uncertainty over capital requirements and macroprudential policy. This Bank of England report states that firms and regulators must improve their climate risk management.
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