Climate change
Climate risk models not up to scratch, warns BIS report
New research highlights models’ inability to accurately anticipate climate risk
UK government names Carney as green finance adviser
Departing BoE governor will advise UK prime minister at UN climate conference in November
RBA says it will replace banknotes ‘completely destroyed’ in bushfires
Central bank prepares for influx of damaged banknotes
Bank Negara Malaysia seeks feedback on new climate taxonomy
Central bank proposes classifying activities based on how much they harm the environment
2019: The year in review
The past year saw a persistent weakening of the global economy, and some radical financial innovations
BoE to test banks on climate risks over 30-year horizon
Unusual stress-test design reflects long horizon and interlinked risks posed by climate change
Ghana launches push to turn banking sector green
New sustainable principles address seven areas of social and environmental issues
BoE climate stress tests results to be shared with NGFS
Carney says tests will highlight firms that are not implementing appropriate policies
Poloz to leave Bank of Canada in June 2020
Governor has decided not to seek a second term
Global climate cycles create varied growth challenges – paper
The changing climate has a different impact on growth depending on a country’s normal climate, researchers find
IMF chief calls for climate-related stress tests
Fund will work more closely with central banks to tackle climate risks, Kristalina Georgieva says
Carney named UN special envoy on climate risk
Governor will join the UN’s staff on his departure from the Bank of England
Weak data on sustainable assets threatens financial stability – Sarb
Industries' vulnerability to climate-related risk is unknown, South African central bank says
Climate prudential policies could ‘backfire’, IMF economists warn
Lack of international standards could result in financial instability
Colombia’s central bank forms new climate research group
New team will look to integrate climate scenarios into macro models
US Democratic senators call for Fed to act on climate change
Fed has been “ignoring” financial risks of climate change, Democratic senator says
Climate risks may be uninsurable – DNB’s Elderson
NGFS chairman calls on the implementation of a carbon tax to help mitigate these risks
Powell says Fed is increasing work on climate change risk
“Climate change is an important issue, but not principally for the Fed,” Powell says
Riksbank sells Canadian and Australian bonds on climate risks
Swedish central bank based decision on high greenhouse gas emissions in Alberta, Queensland and Western Australia
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
Supervisors must adapt to climate change risks – Fed official
Real impacts are already being felt and policy-makers must develop new tools, Kevin Stiroh says
European Commission mulls climate risk regulation
New green finance strategy could include new climate stress tests – Dombrovskis
Cuts in oil output may imperil Norway’s financial sector – Norges Bank
Central bank warns prospect of environmental policies may be weakening the krone
Bahamas exploring ‘early introduction’ of CBDC
Move could test currency’s emergency features in aftermath of hurricane Dorian, governor says