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.
New Zealand central bank stresses climate change impact on insurance industry
HKMA’s $1 billion five-year green bond proves highly popular
Climate change is starting to revolutionise investors’ thinking about risk, says deputy chief
HKMA will be government’s representative in potential HK$100 billion green bond offering
Reserve managers reveal their top counterparties
Official sector snaps up two-thirds of AIIB’s inaugural bond issuance
But regulatory frameworks should not be changed to boost “green” agenda, expert says
Fed chooses to highlight “historically high” corporate debt levels in financial stability report
The politically controversial policy could have a mixed impact on growth, the governor says
Insight and perspectives from the world's leaders, premier policy-makers and financiers
BoE is reforming in bid to adapt to technological change, says governor
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
The time for talking is over, say NGFS members
ECB official says standards should be worked out rapidly in modular form
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The second Belt and Road Initiative (BRI) Survey of 28 central banks reveals that they view the BRI as a major driver of globalisation, with a high percentage of respondents expecting the initiative to provide a significant boost to GDP. So far,…
Network for Greening the Financial System releases first comprehensive report
Mark Carney unveils UK central bank’s move at NGFS event in Paris
BoE says it is the first regulator worldwide to set expectations for firms in tackling climate risks
Data gaps make it harder for central banks to set appropriate climate stress tests, he says
Network for Greening the Financial System is working to tackle climate change
Multilateral rules and multilateral bodies will need to be upgraded in the coming years to better represent the shift in economic gravity towards Asia, which has emerged as the largest contributor to global growth during the past decade.