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.
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…
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…
Central banks are striving to take practical steps to tackle climate change risks. Can they succeed?
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.
Fed chooses to highlight “historically high” corporate debt levels in financial stability report
BoE is reforming in bid to adapt to technological change, says governor
The time for talking is over, say NGFS members
ECB official says standards should be worked out rapidly in modular form
Network for Greening the Financial System releases first comprehensive report
Mark Carney unveils UK central bank’s move at NGFS event in Paris
Network for Greening the Financial System is working to tackle climate change
But central banks can do more to research appropriate policy responses to climate change
BoE is working with the NGFS to develop climate change scenarios as step toward stress-testing