Network for Greening the Financial System (NGFS)
Elderson says authorities should use Covid-19 to boost green transition
Aid to aviation sector should be conditioned on moving away from carbon dioxide emissions
Central Banking Awards 2020: second group of winners unveiled
Prizes awarded for governor, reserve management, green initiative, asset manager and custody
Governor of the year: Mark Carney
Carney has played a vital role in managing Brexit risks while driving efforts towards climate, payments and dollar funding reform
Green initiative: Network for Greening the Financial System
The voluntary body is driving efforts to tackle climate-related risks
Asset manager of the year: Amundi Asset Management
The French asset manager helped reserve managers meet ESG criteria while also boosting central bank assets under management
Fed will ‘probably’ join green central banking group – Powell
Public has right to expect the Fed to ensure the system is resilient against climate change, says governor
UK government names Carney as green finance adviser
Departing BoE governor will advise UK prime minister at UN climate conference in November
Will the ECB make climate change a policy goal?
Weidmann declared strong opposition to “green QE” as climate groups call on Lagarde to shift policy
Colombia’s central bank forms new climate research group
New team will look to integrate climate scenarios into macro models as central bank seeks to join NGFS
Climate risks may be uninsurable – DNB’s Elderson
NGFS chairman calls on the implementation of a carbon tax to help mitigate these risks
Fed ramping up climate change research efforts – Lael Brainard
Climate change could impact neutral rate, governor says; Fed can’t afford to ignore the issue, San Fran Fed’s Mary Daly adds
US Democrats listen to Norges Bank deputy governor on climate change
Egil Matsen tells US Democratic senators that central banks must play major role in greening finance
NGFS publishes first green investment handbook for central banks
Handbook examines five strategies for green investment and identifies problems for central banks
Mark Carney on joined-up policy-making, forward guidance and Brexit
BoE governor rules out negative rates and change to inflation targets, offers update on too-big-to-fail and use of CCyBs, highlights challenges of an asymmetric monetary system, hits out at cumbersome payments and warns Facebook’s libra cannot ‘learn as…
Call to arms on climate change
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 – Where can central banks contribute?
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…
Can central bankers turn finance green?
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.
A powerful new force – Central banks and climate-related risks
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…
A climate of change
Central banks are striving to take practical steps to tackle climate change risks. Can they succeed?
Why two degrees matters to central banks
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.
Longer-term climate risks do not factor in Fed’s financial stability assessment – Powell
Fed chooses to highlight “historically high” corporate debt levels in financial stability report
Carney: BoE preparing for ‘fourth industrial revolution’
BoE is reforming in a bid to adapt to technological change, says governor
Central bankers call for ‘practical action’ to tackle climate risks
Leading central bankers and supervisors attending a Network for Greening the Financial System event at the Banque de France called for immediate action to be taken to tackle climate risks – they said the time for talking is over
Europe needs supervisory standards for climate risks – Lautenschläger
ECB official says standards should be worked out rapidly in modular form