Tags Climate risk

Tag: climate risk

US Federal Reserve unveils climate risk exercise for big banks

The US Federal Reserve has released details for its first climate scenario analysis exercise for the six largest US banks.

CaixaBank launches Climate Risk Unit as part of its Sustainability Directorate

CaixaBank has launched its Climate Risk Unit as part of its Sustainability Directorate, which has seen it bolster its commitment to sustainability.

ECB calls on banks to improve climate risk disclosures

A recent assessment by the European Central Bank (ECB) on the progress European banks are making in disclosure climate risks has revealed a lot more is yet to be done on this front.

HKMA publishes pilot climate risk stress test results

Climate risk stress tests by the Hong Kong Monetary Authority (HKMA) have found climate risks could cause significant adverse impacts on the banking sector under extreme scenarios.

Taiwan unveils climate risk guidelines for banks and insurers

Taiwan’s Financial Supervisory Commission (FSC) has issued guidelines for banks and insurers on the climate risk disclosures they will be required to make from 2023 onwards.

BCBS launches consultation on climate-related financial risk management

The Basel Committee on Banking Supervision (BCBS) has issued a public consultation on the principles for the management and supervision of climate-related financial risks.

Bank of England to crack down on banks who lack climate...

The Bank of England (BofE) has revealed it intends to crack down on banks and insurers who fail to hold enough capital to cover risks from climate change from next year.

Mandatory climate disclosures for financial institutions to be unveiled in New...

New Zealand has become the first country globally to pass laws requiring banks, insurers and investment managers to disclose the impact of climate change on their companies.

Climate disclosures to become mandatory in Japan from April 2022

Japan’s Financial Services Agency (FSA) has revealed it intends to make climate disclosures mandatory for large Japanese companies from April next year.

Banks and asset managers not yet prepared to meet climate risk...

A barometer measuring the climate risk preparedness of the global banks and asset managers has found a lot still needs to be done in terms of practical implementation.

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