Category Archives: Actuality

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”

OSFI will launch discussions with financial institutions as it looks to produce climate risk guidelines this year. The head of Canada’s banking regulator says he’s looking to increase the amount of reserve capital that banks need to hold to protect against climate change risks. Peter Routledge, who leads the Office of the Superintendent of FinancialContinue reading “Banking regulator looking at higher capital buffer for climate risks”

The European Commission began consultations yesterday with the Member States Expert Group on Sustainable Finance and the Platform on Sustainable Finance on a draft text of a Taxonomy Complementary Delegated Act covering certain gas and nuclear activities. The EU Taxonomy guides and mobilises private investment in activities that are needed to achieve climate neutrality inContinue reading “Commission begins expert consultations on nuclear and gas activities”