Central Bankers Use AI to Assess Climate-Related Risks March 19, 2024 By Huw Jones Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related...
ECB to Limit Purchases of Longer-Term Debt Issued by Climate Laggards September 21, 2022 By Frances Schwartzkopff The European Central Bank will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring...
ECB Climate Stress Test Highlights $71 Billion Risk for Euro Zone Banks July 8, 2022 By Francesco Canepa A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least...
Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected July 6, 2022 By Nicholas Comfort and Steven Arons Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people...
Insurers Must Be Better Prepared for Impact of Climate Change: BoE June 8, 2022 By Carolyn Cohn and Huw Jones Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and...
Insurers, Banks Must Take Climate Action or Face Profit Hit, Higher Capital Charges: BOE May 24, 2022 By Huw Jones and Andy Bruce LONDON – Banks and insurers that fail to manage climate risks as a “first-order” issue could face a 10% to...
HSBC Banker Suspended After Playing Down Financial Risks of Climate Change May 23, 2022 By Carolyn Cohn and Lawrence White UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first...
Financial Risks of Climate Change Are Exaggerated: Senior HSBC Banker May 20, 2022 By Lawrence White, Sinead Cruise and Simon Jessop Central bank policymakers and other global authorities are exaggerating the financial risks of climate change, a senior HSBC banker in...
Regulators Warn of Climate Change, Stablecoins as Systemic Financial Risks December 21, 2021 By Pete Schroeder Climate change, the rapid growth of “stablecoins” and financial innovations that led to frenzied trading of GameStop Corp shares early...
Wall Street Faces $22 Trillion Ticking Carbon Time Bomb November 24, 2021 The clock is ticking for banks, insurers and asset managers still providing support to oil, gas and coal producers. It’s...