Archive

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".

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.

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.

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.

Investor groups outline Australian mandatory climate disclosure roadmap

The UN Principles for Responsible Investment (PRI), Investor Group on Climate Change (IGCC) and CDP have published a roadmap...

News round-up: EU ETS extension considered, API endorses carbon price, UK financial watchdog climate remit expanded... and more

UK implements climate consideration into all financial regulators

PRA postpones UK climate and insurance stress tests

The UK's Prudential Regulation Authority (PRA) has paused further work on its climate and insurance stress tests to allow firms to tackle the other pressures they face due to the Covid-19 pandemic.

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".