Group releases guidance document and data to help central banks tailor climate stress scenarios
New climate risk scenarios to be adopted by BoE and Buba
NGFS says global economy needs “green recovery” from pandemic
Guidelines follow ECB’s public consultation on adding climate risks to its supervisory work
Aid to aviation sector should be conditioned on moving away from carbon dioxide emissions
Prizes awarded for governor, reserve management, green initiative, asset manager and custody
Carney has played a vital role in managing Brexit risks
Voluntary body is driving efforts to tackle climate-related risks
The French asset manager helped reserve managers meet ESG criteria while boosting AUM
Public has right to expect the Fed to ensure the system is resilient against climate change, says governor
Departing BoE governor will advise UK prime minister at UN climate conference in November
Weidmann declared strong opposition to “green QE” as climate groups call on Lagarde to shift policy
New team will look to integrate climate scenarios into macro models
NGFS chairman calls on the implementation of a carbon tax to help mitigate these risks
Climate change could impact neutral rate, governor says; Fed can’t afford to ignore the issue, San Fran Fed’s Mary Daly adds
Egil Matsen tells US Democratic senators that central banks must play major role in greening finance
Handbook examines five strategies for green investment and identifies problems for central banks
BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail; and more
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.