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Bank of England 'encouraged' by green bond greeniums
26 October 2020A senior Bank of England (BofE) official said the 'greeniums' reported on the recent green bond issues were an "encouraging sign" that climate-positive investment was being favoured by the market, and serves as a fillip to further sovereign green bonds - including in the UK.
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Only a matter of time' before TCFD becomes mandatory in UK, says BofE
20 October 2020Bank of England (BofE) markets executive director Andrew Hauser said you can "reasonably expect" adoption of recommendations outlined by the Task Force on Climate-related Financial Disclosures (TCFD) to become mandatory in the UK.
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Bank of England warns of hit to sovereign debt from climate change
14 September 2020The Bank of England has warned of the potential for climate risk to hit sovereign debt "in extreme circumstances", but it steered away from naming the countries most at risk. Anna Sweeney, executive director of the insurance supervision division at the UK's central bank, said when global warming threatened physical damage to tangible property held by insurers, this could also ricochet into the real world and so hurt insurers' investments further.
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CFTC: Climate change poses 'major risk' to US financial system
10 September 2020A report from a subcommittee of US federal regulator the Commodity Futures Trading Commission (CFTC), has found that all US financial regulators must recognise that climate change poses 'serious emerging risks' to the national financial system.
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More energy efficient properties 'cut risk of mortgage default'
02 September 2020The risk of default for mortgages on the most energy efficient properties is lower than less efficient properties, according to a report by the Energy Efficiency Data Protocol and Portal (EeDaPP).
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Bank of England publishes first climate disclosure
19 June 2020The Bank of England (BoE) has published its first climate-related financial disclosure, identifying both transition risk and physical risks on its balance sheet.
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Swedish regulator opposes easing capital rules for green investments
17 June 2020The Swedish financial supervisory authority has opposed proposals to cut the capital requirements required by pension funds for their 'green' investments, the latest intervention by a global regulator in the so-called 'green supporting factor' debate.
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Pension funds must do more to push for low-carbon transition, says Lord Deben
14 May 2020The chair of the influential UK Committee on Climate Change (CCC) said the financial sector is beginning to take environmental concerns more seriously, but more has to be done.
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Sovereign green bond pricing strong amid demand, says CBI
08 April 2020A handful of sovereign green bonds have attracted a 'greenium', research by the Climate Bonds Initiative (CBI) has found.
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Central banks prepare for "decisive" 2020 for climate change action
02 April 2020The Network for Greening the Financial System (NGFS) said 2020 will be a "decisive year", as the group of central banks warned the coronavirus crisis should not overshadow the pressure building for climate action in the financial system.