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.
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.
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.
BIS chief says complacency could set in as regulators move from implementation to evaluation
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…
FSB members differ on how to tackle international co-ordination
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.
Move follows tension between RBI and government over banking supervision
Detailed legislation behind banking regulations may be unnecessarily restrictive, says PRA chief
Reserve managers reveal their top counterparties
UK government partners with BoE to provide economic expertise to emerging markets
Move reflects changes to industry landscape since the 2008 financial crisis
Task forces aim to assess risk to economy and investigate regulation surrounding fintech and AI
Over the past decade, the financial crisis, globalisation and technological changes have driven uncertainty and brought about drastic changes for central banks. Vermeg‘s Yamen Bousrih explores the importance of having a consolidated, coherent and…
Academics and bankers “share many of the same concerns” about ethics and behaviour, New York Fed official says
Regulations and investment innovations could be driving factors, the IMF report says
GFIN accepts eight firms for tests in cross-border regulatory sandbox
Insight and perspectives from the world's leaders, premier policy-makers and financiers
Located at the start of the Maritime Silk Road, the Guangdong–Hong Kong–Macau Greater Bay Area seeks to harness advanced technology and green finance to catch up with the economically advanced bay areas of New York, San Francisco and Tokyo.
Central bank given “last opportunity” to comply after continuing to “violate” earlier ruling
Proposal aims to “reduce regulatory burden”, Powell says
Thai authorities struggled to find a happy medium between consumer protection and innovation