Michael Hurley

'Logical' to expect climate-related capital requirements - ECB's Elderson

It is "logical" to expect that banks will be required to hold more capital in reserve to cover climate-related risks, a senior official at the European Central Bank has said, in the strongest indication yet that the central bank will adapt prudential requirements to cover climate risks.

Finance for Biodiversity calls for input to impact assessment guide

Financial institutions, corporates, governments and regulators have been asked to explain how they measure and manage biodiversity impact, as part of an effort to publish a guide on the current state of biodiversity approaches for financial institutions.

MAS to pilot digital ESG data platforms

The Monetary Authority of Singapore (MAS) is set to pilot the development of digital platforms for sustainability-related data, in a move designed to address investors' concerns about the lack of comparability and accessibility of such information.

Basel Committee prepares to publish climate 'principles'

The Basel Committee on Banking Supervision is preparing to publish a set of 'principles' for the supervision of climate-related financial risks at banks.

COP26 round-up, 9 November: Nuclear, Obama and gender

Apollo Impact invests in road safety product manufacturer

Apollo Impact has invested in Smart Start, which provides a breathalyser product that prevents vehicles from starting if the concentration of alcohol in a driver's alcohol concentration reaches a predetermined level.

AllianzGI, EIB target €500m for emerging markets impact fund

Allianz Global Investors (AllianzGI) and the European Investment Bank (EIB) have raised €440 million ($509 million) for a blended finance fund that will invest in climate-focused investment funds and projects active in emerging markets and developing countries.

M&G invests in plastics recycling firm

M&G has invested an undisclosed amount in UK-based plastics recycling firm Plastic Energy as part of a €145 million ($168 million) fundraising round.

UK group presents voluntary carbon markets guide at COP26

A UK group to promote "high-integrity, scaled markets" for voluntary carbon offsets has presented guidance at COP26, which aims to predict "what the future of the ... markets may look like".

People Moves 5 November: Mike Bloomberg, PRI and more...