• Financial institutions in scope of EU due diligence rules after vote

    26 April 2023

    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

    20 January 2023

    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

    23 December 2022

    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

    16 December 2022

    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

    23 March 2022

    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.

  • Call to adjust capital requirements to ward off green swans

    26 November 2021

    Capital requirements for banks and insurers could be amended to ensure their resilience against climate-related financial risk, NGO Finance Watch has suggested.