Archive

'No silver bullet' for transition finance but systemic change needed, FCA says

Greater coordination by policymakers, companies and financial institutions is needed to address widespread barriers to scaling transition finance, a study by the UK Financial Conduct Authority (FCA) found.

UK prudential regulator says focusing on nature could weaken its effectiveness

The CEO of the UK's Prudential Regulatory Authority has argued that it should not increase requirements on nature, in order to help it retain its "effectiveness".

PRA finalises tougher climate risk rules for banks and insurers

The UK Prudential Regulation Authority (PRA) has issued a sweeping update to its expectations for how insurers and banks manage climate-related financial risks.

UK's CFRF provides more guidance to FI's on nature risk

The UK's Climate Financial Risk Forum (CFRF) has provided guidance on how financial institutions should approach nature-related risks, including an expansion of existing climate modelling.

Nature risks must be integrated into stress testing and supervision, UK PRA told

NGFS pitches framework to 'mainstream' adaptation in transition planning

A framework for financial institutions to embed climate adaptation into their transition planning has been presented to the G20 by a group of central bankers who argue it can "mainstream" the practice.

UK regulators to launch pilot to make riskier 'transition' technologies investable

The UK government, Financial Conduct Authority and the Prudential Regulation Authority are to launch a pilot project to make transition-themed climate solutions investable for large financial institutions.

Australian regulator to look at adaptation

The Australian financial regulator has told Environmental Finance that it will look at integrating adaptation further into its guidance and predicts that it will be "iteratively" integrated into the national sustainable finance taxonomy.

UK regulator consults on bank, insurer climate risk expectations

The UK's Prudential Regulatory Authority (PRA) has opened a consultation for proposed updates to its supervisory expectations for the management of climate-related risks by banks and insurers.

People Moves, 21 March: EQT, Transition Finance Council, Danske Bank, EIFO ... and more