Archive

People Moves 20 January: UBS, Federated Hermes, CalPERS, Prudential, Nordea and more...

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

UK regulator warns financials they face climate risk supervisory escalation

Banks and insurers have been warned by the Prudential Regulation Authority (PRA) they face an escalation in supervisory pressure if they fail to address climate-related financial risk appropriately.

Avant garde: biodiversity reporting in France

As French financial institutions report biodiversity-related information under the pioneering Article 29, Thomas Cox assesses the lessons learned

Emerging markets 'need multilateral banks to step up'

Prudential's Liza Jansen explains to Genevieve Redgrave why multilateral banks could be key to emerging markets' transition

Australian regulator survey finds climate risk gaps

Global capital requirement for climate risks is crucial for transition

Japanese regulator recommends framing global warming as "a time bomb" to spur action

NAIC updates climate risk disclosure survey for US insurers

US insurers will need to comply with the Task Force on Climate-Related Financial Disclosures...

UK regulator writes to CEOs of climate focus in 2022

The UK's Prudential Regulation Authority (PRA) has placed CEOs of banks, general insurers and deposit takers on guard for the increased regulatory scrutiny it has promised to bring to bear on climate change this year, as it named climate-related risks among its top priorities for the year.

BdF: Climate scenarios entail major structural transformations

Climate scenarios set out by the Central Banks and Supervisors Network for Greening the Financial System (NGFS) will transform France's economy with implications for financial risk