Central banks and regulators have recognised the need to take responsibility for risks emerging as a result of climate change, but there remains an abundance of work to be undertaken, and Central Banking hopes this report will provide some guidance on…
Following Mark Carney’s “breaking the tragedy of the horizon” speech in 2015, it became apparent central banks and regulators needed to sit up and take responsibility for risks emerging as a result of climate change.
From extreme weather to transition risks, the systemic challenge of climate change lies in the interconnectedness of risk. Amundi is helping to shape solutions by integrating climate risks across its asset classes and pushing public debate forward.
Fossil fuel exporters likely to face negative impact without benefiting from new sources of energy
Climate change is becoming increasingly important to central banks thanks to its implications for financial stability. In a forum sponsored by Amundi, Central Banking convened a panel of experts to discuss the latest innovations, regulations and…
African National Congress officials attempt to influence new government
The Network for Greening the Financial System aims to bring about fundamental change. The central bankers who created it made a strong start but face serious challenges.
Increasing global concern about climate change is causing central banks to take notice of the issue and its potential implications. Frédéric Samama, head of institutional client coverage at Amundi, examines the findings of Central Banking’s survey on…
Hot economy could be making workers less likely to leave labour force, Regis Barnichon says
As climate-related risks to the financial sector become increasingly understood, central banks are demonstrating their willingness to develop capabilities to analyse the impact and modify their policies. A new survey indicates a watershed for central…
Central bank halted rate hikes in late 2018 as growth and inflation weakened
Fund is expected to sign off on first review of extended fund facility in June, providing $250 million
First official data release since 2015 says GDP fell by 22.5% in the year to the third quarter of 2018
Weak investment in capital could exacerbate UK’s productivity woes, deputy says
Ulrich Volz explores why strong leadership is required from central banks and supervisors to ensure the financial sector will be in a position to weather climate risks.
Governor sees need for national consensus to secure sustainability of current system
Deputy governor blames “repeated series of cliff edges” for poor UK investment
US monetary shocks less important than much recent literature argues, researchers say
“Debt view” of dollar dominance has empirical support, authors say
Central bank fears a sharp drop in property market could trigger financial system risks
Paper explores trend of declining relationship between inflation and economic activity
Long-term rates have significant impact on Italian banks’ risk appetite, researchers find