Financial firms should incorporate environmental scenario analysis into their decision-making process
Data collection on physical and energy transition risks and their economic impact is a priority
Institution aims to use fund’s clout to influence development of green investment standards
Binary green-brown distinction is not enough to drive transition to low-carbon industry, BoE chief says
Co-ordination of fiscal, financial and monetary instruments will be needed, say authors
Regulators’ new “vision” incorporates climate change and social inclusion
Cutting forecast errors could reduce additional volatility, researchers say
US growth could fare worse than China’s with projected temperature rises, researchers find
Government unveils first “green finance strategy”, including changes to policy remits
John McDonnell says BoE can do more to drive investment in productive, green sectors
BoE wants innovation on balance sheet access, SME credit and climate stress tests
But bonds only have a significant impact if they are independently certified, researcher finds
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.
There has been progress on climate disclosures but much more is needed, report says
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…
94 signatories urge BoE to “evolve” to tackle major problems
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…
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…
Financial institutions must entrust oversight of climate risk to named individual under senior managers regime