Archive

US banking regulator abandons climate risk principles

The Office of the Comptroller of the Currency (OCC) has "withdrawn its participation" in maintaining principles for climate risk management by large financial institutions in the US, which it argued were "overly burdensome and duplicative".

People Moves, 28 March: Phoenix Group, Capricorn, Rebalance Earth ... and more

Canadian regulator updates disclosure rules to align with ISSB

Canadian regulator sets Scope 3 emissions disclosure deadline for 2028

US bank regulator quits NGFS

Signatories to Japan ESG data code of conduct rise to 28

US Treasury's insurance office withdraws from NGFS, citing Trump order

Allianz, EIB closes 'biggest' equity blended finance fund at €450m

Allianz Global Investors has held a final close for its blended finance equity fund with the European Investment Bank, having secured €450 million ($468.2 million) in capital commitments.

Regulators divided on value of transition plans for ensuring financial stability

Financial regulators globally are divided on whether climate transition plans should be used to assess financial institutions' risk management, according to a report by the Financial Stability Board (FSB).

Reform financial system to boost investment in nature, governments told

Countries have been urged to reform the global financial system to remove harmful subsidies and encourage "changes in business models including through improving returns to investments that benefit nature," in a major report.