Archive

Central bank group to discuss incorporating biodiversity risks into policy frameworks

A study group examining how central banks can manage the threat posed by biodiversity loss to financial stability has set out its work agenda, which includes discussion of whether biodiversity risks should be incorporated into macroprudential policy frameworks and instruments.

Central banks should explicitly back net-zero measures, says report

Central banks should explicitly align their policies with achieving a net zero carbon emission economy by 2050, according to a paper prepared by a trio of economists, including through their prudential supervision, monetary policy and their own portfolios.

19 EU central banks adopt common sustainable investment principles

NGFS to turn its gaze to biodiversity loss

News round-up: Federal Reserve joins NGFS, BNP's energy transition fund, Poseidon Principles ... and more

Singapore regulator considering 'green' and 'transition' taxonomy

The Monetary Authority of Singapore (MAS) has announced it is considering formulating a taxonomy of its own covering 'green' and 'transition' activities, amid its plan to roll-out environmental risk management guidelines for all financial institutions.

ECB gives green light to sustainability-linked bonds

The European Central Bank (ECB) has announced that sustainability-linked bonds (SLBs) will be eligible as collateral and for its asset purchase programmes from 2021, delivering an important boost to the nascent asset class.

More energy efficient properties 'cut risk of mortgage default'

The 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).

Central banks prepare for "decisive" 2020 for climate change action

The 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.

Carney: Prudential regulation should avoid climate policy by 'back door'

Former Bank of England (BoE) governor Mark Carney has warned against using prudential regulation to implement climate policy "by the back door".