Regulation

Report finds ‘few central banks have decided significant climate action’ but most plan stress tests

Revision of EU law might alter standard setting landscape

Maijoor also called for corporate disclosure standards to be international

TCFD takes centre stage in efforts to push country’s financial sector ahead of climate summit

MEPs adopted resolution with a large majority today

Consultation on NFRD to be launched shortly

European Corporate Reporting Lab lays out best practice on climate reporting in bid to 'raise bar for next climate-reporting cycle'

ESMA mulls climate stress tests, cranks up pressure on credit rating agencies and pledges to analyse slew of green and social factors

To kick-off 2020, RI is bringing together global central banking leaders to consider how ESG and climate risk integration into central banking and monetary policy could influence the investment decision-making of global investors. Join the debate on how investors can respond to green monetary policy and a new wave of action on climate targets from the world’s central bankers in the 2020s. Hear from the experts on what’s in store for 2020 as central banks and prudential regulators ramp up action on climate risk and sustainable finance. This webinar is a chance for the global investment community to better understand what’s in store and to discuss investor responses to the greening of central bank balance sheets. Speakers Serafín Martínez Jaramillo, Senior Financial Researcher, CEMLA, Financial System Risk Analysis, Banco de México Romain Svartzman, Economist, Sustainable Finance Division, Banque de France Dr Ulrich Volz, Director, Centre for Sustainable Finance, SOAS Ulf Erlandsson, CIO, Diem Green Credit Moderator Vibeka Mair, Journalist, Responsible Investor ... Background As fiscal policy makers and macroprudential regulators within the Network for Greening the Financial System get down to business, investors are waking up to the potential for climate-aligned monetary policy that could nudge economies towards alignment with the net zero emissions targets committed to in the Paris Agreement.

Mardi McBrien argues that the Directive needs to widen in scope, integrate reporting and namecheck climate change.