After the speech of Jerome Powell, Chairman of the Federal Reserve Board, a few days ago, this initiative…
Category Archives: Actuality
Landmark agreement to halt biodiversity crisis at COP15.
The biodiversity risk is more and more acknowledged as a threat to financial stability…
The Banking Supervisory Committee specifies how climate-related financial risks are taken into consideration.
The document clarifies some fundamental aspects of how the future IRB models will incorporate the climate risk-related drivers…
COP 27 is coming to an end, and it is time to draw some conclusions!
“We must now drastically reduce emissions. And this is a question that this COP has not answered…”
“ECB warns banks of capital hit if they fail to tackle climate risk” according to the Financial Times.
This is based on the publication by European Central Bank of its latest “thematic review” results” on how 186 banks address climate and environmental risks and…
Global authorities should focus on how the financial system could be affected by climate change!
The final report of the Financial Stability Board (FSB) on Board and Regulatory Approaches to Climate-related Risks was published a few days ago…
The way towards banks’ good climate change risk management
“The Pillar 1 framework is currently being examined to identify whether it adequately addresses climate-related and environmental risks.” This is a quote…
Over 90% of big firms at risk from climate hazards
If global emissions aren’t reduced, S&P Global Sustainable1’s new dataset estimates that 92% of the world’s biggest firms…
The US Congress adopted the climate bill
The Inflation Reduction Act was approved on August 7th 2022, becoming the most significant climate bill to ever make it through U.S Congress…
Experts urge OCC to include climate risk in bank exams
Regulator’s proposed principles are step in the right direction, but still behind Europe. The Office of the Comptroller of the Currency (OCC) should look to integrate climate risk into its examination process for banks, experts say, following the release of draft guidelines late last year. “Bank examiners look at the safety and soundness of banks,Continue reading “Experts urge OCC to include climate risk in bank exams”
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