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NGFS publishes report taking stock of transition plans

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has published a review of financial institutions' transition plans - and ways to improve the process.

GFANZ launches first country branch in Japan

MAS's Menon warns of 'significant macroeconomic implications' of biodiversity loss

The Monetary Authority of Singapore's managing director Ravi Menon has urged financial institutions to proactively manage the risk of biodiversity loss, warning it could have "significant macroeconomic implications".

COP27: Regulators march on ... and on

Are regulators suffering mission creep at COP27, asks Peter Cripps

COP27: NGFS launches blended climate finance initiative

The Central Banks and Supervisors Network for Greening the Financial System (NGFS) has launched a blended finance initiative at the UN COP27 climate summit,...

GFANZ to launch APAC coal 'phase out' guidance

GFANZ is preparing to launch guidance for financial institutions in the Asia-Pacific region on how they can 'phase out' coal.

Macron and Bloomberg propose 'open' climate data platform

French president Emmanuel Macron and UN Climate Envoy Michael Bloomberg have announced recommendations for a climate data platform that would be free to use.

NGFS targets wider use of scenarios after release of third iteration

Climate scenarios for central banks and supervisors have been updated to include national 'net zero' commitments at the COP26 climate conference in Glasgow, ahead of a move to broaden the potential application of the scenarios to private financial institutions.

Singapore 'would do well to prepare for CBAM' proliferation, says MAS

Singapore should prepare for the potential impact that would result from the spread of carbon border taxes to other jurisdictions, according to the head of the city state's central bank and financial regulatory authority.

Transition bonds still have growth potential, says MAS

Monetary Authority of Singapore (MAS) managing director Ravi Menon said that the transition bond market has "good potential to grow," despite lacklustre uptake by issuers to date.