Archive

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

Central banks and supervisors should consider nature-related financial risks to fulfil their mandates, as failure to account for these risks could threaten financial stability, NGFS has said.

The UK government should adjust financial regulation to improve the chances of achieving a 'just transition' to a low-carbon economy

Central banks and financial supervisors have been told they can improve their assessment of the relationship between financial stability and biodiversity, including by developing their own "ad hoc methodological approaches that better capture the risk of biodiversity impacts".

The 'absence of people' is a rare weakness of the TCFD framework - but investor engagement to ensure a socially just low-carbon transition could be set for a major boost, an Environmental Finance webinar heard. Michael Hurley reports

Central banks should explicitly align their policies with achieving a net zero carbon emission economy by 2050, according to a paper prepared by a trio of economists, including through their prudential supervision, monetary policy and their own portfolios.