'Reasonable to expect' banks will meet ECB climate expectations, says Elderson
It is "reasonable to expect" Eurozone banks will, by 2024, close the gap between their currently inadequate disclosures on climate-related risks and the expectations of the European Central Bank (ECB), according to a senior central banker.
ECB and EIOPA call for EU wide natural disaster insurance scheme
The creation of a pan-EU public scheme for "less frequent, large-scale disasters" could complement existing insurance offerings and contribute to closing the climate insurance protection gap, two major European supervisors have said.
ECB warns banks are still failing on climate disclosures, and threatens action
Eurozone banks have been given a stern warning by the European Central Bank (ECB) that it is ready to act if they do not improve "insufficient" disclosures on climate ahead of rules coming into force this year.
ECB says climate 'tilt' cut carbon intensity of bond purchases by 65%
The weighted average carbon intensity (WACI) of corporate bond purchases by the European Central Bank (ECB) was slashed by about 65%, following the introduction of a 'climate tilt' methodology to prioritise 'greener' issuers
Combating inflation best way to support green investments, ECB says
The European Central Bank (ECB) has scotched a suggestion that it could introduce measures to insulate climate-themed investments from inflation, as it said ensuring price stability over the medium term is the best way to ensure inflation does not impair the energy transition.
ECB: Climate disclosures a 'priority' for structured finance assets
Encouraging climate-related disclosures on the assets underpinning structured finance products is a "priority", the European Supervisory Authorities (ESAs) and European Central Bank (ECB) said in a joint statement.
ECB details corporate bond buying 'green' tilt plan
The European Central Bank (ECB) has provided further details on how it plans to "tilt" its massive €660 billion ($724 billion) private-sector bond buying programme towards 'greener' issuers, including by maintaining purchases of green bonds on the primary markets.
Eurozone investors 'net buyers' of labelled debt, ECB says
Investors in the eurozone of 20 EU states are "net buyers" of debt labelled by issuers as green, social, sustainability or sustainability-linked, according to analysis by the ECB.
ECB seeks to narrow 'climate data gap' with statistics on debt, physical risks
A first set of statistics on the sustainability bond market, carbon emissions and physical risks posed by climate change has been published by the European Central Bank (ECB).
ECB signals overhaul of climate bond purchase strategy
A potential overhaul of the way the European Central Bank (ECB) looks to support decarbonisation efforts through its bond purchases has been welcomed as a "paradigm shift".