• Landmark moment as climate risks included in 'Magna Carta of banking supervision'

    26 April 2024

    Prominent central bankers have welcomed the inclusion of climate change among a group of potentially material risks to financial stability in the global banking supervision principles for the first time, meaning regulators and banks must identify and address such risks.

  • NZBA has little impact on decarbonisation, ECB paper says

    26 March 2024

    Signatories to the Net-Zero Banking Alliance (NZBA) "are neither divesting nor engaging differently from banks without a climate commitment," a group of economists said in a report.

  • Climate investment could push interest rates higher, ECB's Schnabel says

    25 March 2024
  • ECB says 18 banks face fines for failing to meet climate expectations

    21 March 2024

    The European Central Bank (ECB) says 18 banks may face fines for failing to meet its expectations on climate and broader environmental risk management.

  • BIS says its AI tool 'is game changer for green finance' ... but beware the hallucinations

    19 March 2024

    A tool that uses artificial intelligence (AI) to analyse corporate climate reports has been hailed as a "game changer for green finance", because of its ability to automate the rapid extraction of data.

  • ECB's Elderson urges banks to set transition plans to meet incoming regulation

    14 March 2024

    Banks have been urged to publish "Paris-compatible transition plans" to prepare for upcoming legal requirements, by a member of the executive board of the European Central Bank (ECB).

  • Include climate transition risk in capital requirements, ECB research says

    20 February 2024

    Regulators should include climate-related transition risks in calculations for banks' capital requirements, according to research by the European Central Bank (ECB).

  • Climate risk among changes to ECB guide on banks' capital requirements calculations

    19 February 2024

    Climate-related risks are among revisions to a guide by the European Central Bank (ECB) on how it expects banks to meet rules on calculating capital requirements for credit risk.

  • Tackling climate risks among priorities of ECB's top supervisor

    14 February 2024

    The eurozone's top banking supervisor has warned that "banks will not be immune to risks and unexpected events", including those linked to climate change, as she pointed to a period of greater uncertainty that could impact their profitability.

  • ECB uncovers 'staggering' misalignment of bank lending with climate targets

    24 January 2024

    'Staggering' misalignment of Eurozone bank lending portfolios with climate targets has been uncovered by the European Central Bank (ECB), as it warned of a pressing need to act amid rising litigation, financial and reputational risks.