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Central banks send powerful climate risk message with landmark report
17 April 2019A report by some of the world’s most influential central banks and supervisors has sent a shot across the bow of the investment community by signalling that climate-related risk is near the top of their agenda.
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UK's PRA is first regulator to publish supervisory statement on climate change
15 April 2019The UK's Prudential Regulation Authority (PRA) has become the first regulator to publish its expectations on how banks and insurers should manage climate risks.
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Carney: responsible investing will help break the tragedy of the horizon
21 March 2019Mark Carney revisited his landmark tragedy of the horizon speech, this time striking a more positive note about the "tremendous" opportunities created by the low-carbon transition, and predicting that sustainable investing will "go mainstream".
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UK’s Climate Financial Risk Forum to produce guidance on climate risk
12 March 2019The Climate Financial Risk Forum (CFRF) – a new UK body comprising insurers, banks and asset managers – aims to produce practical guidance to address climate-related financial risks.
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Supervising an orderly transition
21 January 2019Why is the Bank of England increasingly focusing on climate change? Sarah Breeden explains its approach to Peter Cripps
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Insurance market is 'broken' when it comes to climate change, says Aviva
04 December 2018The insurance market is currently "broken", in terms of its incentivisation to address climate change, Aviva has argued.
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IBRD marks 10 years of green bonds with $1.2bn issue
14 November 2018The International Bank for Reconstruction and Development (IBRD), part of the World Bank Group, has issued two benchmark green bonds to mark the tenth anniversary of its entry into the market in 2008.
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Comment: Regulators are pushing investors on climate
17 October 2018The increasing attention of regulators bodes well for green finance, says Peter Cripps
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PRA 'expects' banks and insurers to report climate risks
15 October 2018Insurers and banks are to be expected to manage and report their climate-related risks, according to a draft supervisory statement from the UK's Prudential Regulation Authority (PRA).
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Carney launches Climate Financial Risk Forum
28 September 2018The UK's Prudential Regulation Authority (PRA) is to step up its oversight of climate change after a survey revealed that only 10% of banks are treating the issue as a strategic risk.