Michael Hurley

Articles by Michael Hurley

  • Capital markets union essential for EU's climate transition, says head of French central bank

    17 May 2024

    Europe needs to unlock hundreds of billions of euros by finalising the Capital Markets Union (CMU) and harnessing Europeans' private savings for investing in the climate transition, according to a prominent central banker.

  • NGFS publishes recommendations on sustainable investment for central banks

    16 May 2024
  • UK regulator likely to require bank, insurer transition plan disclosure, Crowe predicts

    15 May 2024

    UK banks and insurers are likely to be required to disclose climate transition plans and demonstrate how they are engaging with clients to achieve targets in these plans, under expected updates by the Prudential Regulation Authority (PRA), consultancy Crowe has predicted.

  • Reverse anti-ESG policy to attract £100bn in green investments, UK government told

    15 May 2024
  • Thedéen appointed Basel Committee chair

    15 May 2024
  • SEC urged to finalise anti-greenwashing rule by Democrats

    15 May 2024
  • Australian government wins investor group praise for climate funding

    15 May 2024

    Investor groups have welcomed a AUD22.7 billion ($15.1 billion) funding package the Australian government has pledged to support the transition to net zero, development of sustainability fund labels and tackling 'greenwashing'.

  • EU ESG funds told to prove their sustainable investment claims under new rules

    14 May 2024

    EU funds with any ESG-related words in their name must ensure that at least 80% of their investments reflect this wording, and must exclude companies that derive a large part of their revenues from fossil fuels, under new rules confirmed today (14 May).

  • 'Greenflation' likely in near-term, says Pictet-IIF research

    14 May 2024

    "Considerable economic disruption" from policies to support the transition to net zero is likely, feeding inflation in the near term and raising the risk of stranded assets and asset bubbles, according to research by Pictet Asset Management and the Institute of International Finance (IIF).

  • Set national transition plans - but not transition finance definition, industry groups say

    13 May 2024

    A detailed definition of 'transition finance' would be unhelpful and policymakers should instead focus on providing more policy support and public finance for emissions intensive industries to decarbonise, investor groups told a UK government-mandated taskforce.