“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…

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”