Supervision

Effective banking supervision ensures financial institutions are abiding by climate-related regulations set by governing bodies.
Opinion
The Silicon Valley Bank logo on a glass wall, behind which a person is standing in an office space.
News| March 17, 2023

Silicon Valley Bank crisis shows climate risk can push banks over the brink

The collapse of the tech start-up bank has exposed cracks in the system which will only widen as the climate crisis unfolds, says Yevgeny Shrago of Public Citizen.
News| January 16, 2023

Basel Committee issues clarifications on climate-related financial risks

The Basel Committee responded to frequently asked questions to clarify how climate-related financial risks may be captured in the existing Basel Framework.
Research| March 22, 2023

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.

Written by Bank of England
Opinion

Latest on Financial supervision

Crowds in a Tokyo street at night, illuminated by colourful neon signs
News| November 29, 2022

BoJ admits operations are subject to carbon bias

The Bank of Japan says it is taking steps to correct a potential carbon bias in its operations, but critics claim its actions are inadequate.
Aerial view of three tall power station chimneys, emitting smoke or steam
News| November 28, 2022

Only half of climate disclosures useful, review finds

A review of climate-related financial disclosures has found that all lack decision-useful data across the TCFD recommendations and none are aligned with Paris Agreement targets.
Close-up of the US flag
News| November 24, 2022

Federal Reserve still performs poorly in Green Central Banking Scorecard

The report finds that the US central bank has still taken no action at all to consider climate change when conducting monetary policy.
Drought
News| October 26, 2022

FSB publishes final report on approaches to climate risk

The Financial Stability Board has published its final report on supervisory and regulatory approaches to climate-related risks, calling for a more consistent global approach to managing the effects of global heating.
The Houses of Parliament in London, seen at night
News| September 8, 2022

Climate controversy over UK regulator duties

Proposals to elevate competitiveness ahead of climate change as new objectives for UK financial regulators have been widely criticised by civil society groups.

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