Climate Risk

Climate Risk

RBNZ Makes Submission to Climate Change Commission

By Ranamita Chakraborty | 29/03/2021

The RBNZ emphasised the need to take a collective approach and for the firms it regulates to pay close attention to climate-related risks.

Emerging Prudential Risks

US Fed Creates Financial Stability Climate Committee

By Sanday Chongo Kabange | 29/03/2021

The Financial Stability Climate Committee will compliment the Supervision Climate Committee, which focuses on addressing risks at individual banks.

Climate Risk

NGFS Offers Climate Risk Guidance for Central Bank Monetary Operations

By Sanday Chongo Kabange | 29/03/2021

The report outlines nine options for central banks to adjust their operational frameworks for monetary policy to account for climate-related risks.

Climate Risk

BOJ Considers Regulatory Changes to Address Climate Risk

By Editors | 28/03/2021

The BOJ is engaged in active dialogue with FIs on climate-related financial risks, with a view to formulating evidence-based revisions to financial regulations.

Reporting & Disclosures

IFRS Foundation Forms Working Group to Converge Standards

By Editors | 23/03/2021

The working group will provide a forum for structured engagement with standard-setting bodies to converge their various sustainability reporting standards.

Climate Risk

Climate Risk & Regulation: A Race to the Top

By Manesh Samtani | 23/03/2021

Bill Coen, Chair of the IFRS Advisory Council and former BCBS Secretary General, speaks to Regulation Asia about initiatives underway to mitigate climate-related risk in the banking sector.

Climate Risk

Climate Change Will Threaten Financial Stability: PBOC

By Manesh Samtani | 22/03/2021

Climate change could impact monetary policy, credit risk, market risk and liquidity risk, and undermine the stability of the entire financial system, PBOC governor Yi Gang said.

Climate Risk

CFTC Establishes New Dedicated Unit for Climate Risk

By Editors | 18/03/2021

Other US financial regulators including the SEC, Treasury Department and Federal Reserve have also recently raised climate risk and a key focus.

Climate Risk

APRA Outlines Next Steps in Key Climate-related Initiatives

By Sanday Chongo Kabange | 15/03/2021

APRA will consult on a draft prudential practice guide on climate change financial risk within H1. The first results of big banks’ climate vulnerability assessments will be ready by Q4.