Archive

Capital markets union essential for EU's climate transition, says head of French central bank

Europe needs to unlock hundreds of billions of euros by finalising the Capital Markets Union (CMU) and harnessing Europeans' private savings for investing in the climate transition, according to a prominent central banker.

Europe needs more green securitisations, says head of French central bank

'Green securitisations' could be key to unlocking "several hundred billion euros a year" for the energy transition - helped by a common European issuance platform of such instruments, the head of the French central bank has said.

Include stress tests, transition plans in capital rules, says central banker

The governor of the Banque de France has recommended including climate-related stress tests and transition plans in the Basel framework for banking supervision.

ECB: 'We can no longer drag our feet' with nature risks

A European Central Bank (ECB) executive has urged action to tackle financial risks related to nature as well as climate.

People Moves 14 January: MSCI, Wells Fargo, BIS, Schroders and more...

BIS Board elects new Chair

G7 backs mandatory TCFD reporting

The Finance Ministers and Central Bank Governors of the Group of Seven (G7) wealthy democracies have expressed their support for "moving towards mandatory climate-related financial disclosures", setting the stage for such reporting to become the norm across multiple jurisdictions.

ECB should tilt assets and collateral according to climate risk, says Villeroy de Galhau

The Banque de France (BdF) governor said that the European Central Bank (ECB) and other central banks should reduce exposure to climate risk through their asset purchase and collateral policies through valuation adjustments and "tilts"

ECB policymaker warns of green bond pitfalls

Central banks should concentrate on correctly assessing the economic risks posed by climate change, rather than embarking on a green bond purchasing programme, a senior ECB policymaker has said.

Banque de France reveals further details of 2020 stress test

The French central bank will in March publish the scenarios it will use to conduct climate stress tests of the country's banks and insurers, it has been revealed.