Archive

Basel 'faulty'

US banks have urged the Basel Committee to re-draw 'flawed' climate disclosure rules, writes Michael Hurley

Require transition plans in Solvency II, EU urged

ESG ratings 'should link to EU taxonomy'

Financial institutions in scope of EU due diligence rules after vote

Financial institutions would be required to disclose climate transition plans and conduct due diligence to ensure they do not contribute to negative impacts across their value chain, under new rules agreed by an influential EU Parliamentary committee.

Build up capital buffers to withstand the climate crisis, insurers told

Insurers and banks are massively underestimating climate risk, and the financial institutions' capital buffers will prove largely insufficient to cover the resulting losses, according to Finance Watch.

Calls to include financial services in CSDDD

MEPs and NGOs urge the European legislators to include financial institutions and strengthen social requirements in its version of the Directive

Regulators consider capital for climate risk

Insurance regulators are keen to ensure their prudential frameworks properly incorporate climate risk. But whether this should be reflected in capital requirements is proving a difficult question to answer, as Christopher Cundy reports

Put climate risk in insurers' capital requirements, MEPs told

Climate risks should be explicitly dealt with in the pillar 1 (capital requirements) element of Solvency II insurance regulation, not left to pillar 2 (risk management), MEPs have been told.

People moves 28 January: ISSB, J.P. Morgan, DBS, KPMG, and more...

Finance Watch makes appointments to research team