Central banks should step up to face environmental breakdown risk in finance
Market-fixing approaches such as the nascent Task Force for Nature-related Financial Disclosures (TNFD) are "unsuitable" for managing the risks posed by environmental breakdown, an academic paper has argued, instead proposing that central banks and financial regulators should introduce strict industry-wide exclusionary criteria.
Mark Carney launches climate disclosure initiative with London Stock Exchange
Former Bank of England governor Mark Carney and the London Stock Exchange plan to establish a global coalition of stock exchanges supporting climate disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Bank of England publishes first climate disclosure
The Bank of England (BoE) has published its first climate-related financial disclosure, identifying both transition risk and physical risks on its balance sheet.
Swedish regulator opposes easing capital rules for green investments
The Swedish financial supervisory authority has opposed proposals to cut the capital requirements required by pension funds for their 'green' investments, the latest intervention by a global regulator in the so-called 'green supporting factor' debate.
Sovereign green bond pricing strong amid demand, says CBI
A handful of sovereign green bonds have attracted a 'greenium', research by the Climate Bonds Initiative (CBI) has found.
Central banks prepare for "decisive" 2020 for climate change action
The Network for Greening the Financial System (NGFS) said 2020 will be a "decisive year", as the group of central banks warned the coronavirus crisis should not overshadow the pressure building for climate action in the financial system.
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".
Carney: EU Taxonomy 'still too narrow'
Former Bank of England governor Mark Carney has reiterated that the EU Taxonomy for Sustainable Activities remains "quite proscriptive" despite recent revisions, while he is optimistic it will become richer through the addition of transition activities in the future.
Carney: sovereigns benefit from green bond market 'success story'
Former Bank of England (BoE) governor Mark Carney has described green bonds as a "success story", while lauding the benefits of sovereign issuers entering the market.
UK regulator proposes tightened climate-risk disclosure demands
The UK financial services regulator has announced it is considering new climate-related disclosure requirements for most of the major firms listed in the country, despite disappointment from campaigners that its proposals were not mandatory.