Archive

FSB developing climate early warning system as it warns of risks to financial stability

A draft framework for regulators that can "provide [an] early signal on potential drivers of transition and physical risks that can impact the financial system ... [and] quantify the scale of financial impacts" has been published by the Financial Stability Board (FSB).

Climate finance statesman Carney 'considering' run for Canadian leadership

UN special envoy for climate action and finance Mark Carney is considering a bid for leadership of Canada's ruling Liberal Party, it has been reported.

BoE suggests ways financial institutions can build on climate scenarios

Financial institutions can improve the relevance of results from climate scenario modelling by 'extending' them to incorporate data from sources such as building Energy Performance Certificates (EPC) ratings, according to research published by the Bank of England.

Bank of England urged not to neglect climate work after it cuts resources

BoE continues to focus on climate despite UK government de-prioritising it, Breeden says

The Bank of England will continue work to improve its understanding of climate risks to financial stability, its deputy governor Sarah Breeden has said.

BoE climate remit risks breaking government independence obligations, report says

UK banks, insurers told by regulator to improve climate accounting processes

UK banks and insurers have been urged by their regulator to "establish clear plans and timeframes for developing climate accounting capabilities", as it reminded them of expectations to measure and manage climate risks.

Bank of England should model financial impact of acute physical risks, regulator says

The Bank of England should test the impact on the country's financial system of a "very large climate event", the head of the Bank's Prudential Regulation Authority (PRA) has said.

People moves, 4 August: Green Climate Fund, AustralianSuper, Redington, Fidelity ... and more

BoE prepares transition plan based on TPT recommendations

The Bank of England is to publish next week a climate transition plan it says is based on the draft recommendations by the UK's Transition Planning Taskforce (TPT).