Japanese Insurers Struggle with Climate Change Cost Estimates June 25, 2021 By Leika Kihara and Takahiko Wada TOKYO – As the world tries to price the cost of climate change, Japan’s second largest non-life insurer MS&AD foresees...
Explaining Climate Change and Financial Disclosure for Insurers June 25, 2021 TOKYO – Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort...
G20 Companies to Face Common Disclosure Requirements for Climate Risks April 6, 2021 By Huw Jones LONDON – G20 companies will face common disclosure requirements on climate change risks under plans by the Financial Stability Board,...
For First Time, Federal Reserve Cites Climate as Financial Stability Risk November 13, 2020 The U.S. Federal Reserve for the first time called out climate change among risks enumerated in its biannual financial stability...
Inconsistent Data Hinders Climate Risk Comparisons for Insurers, Banks: Regulator July 22, 2020 By Huw Jones Comparing how banks and insurers from different countries cope with climate change is being hampered by a lack of consistent...
Big Tech May Be Required to Share Customer Data with Financial Firms December 9, 2019 By Huw Jones Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and...
Companies in Polluting Industries Slow to Disclose Climate Change Risks: Moody’s October 22, 2019 By Nichola Groom U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though...
Financial Stability Board Chair Targets Unknown Threats February 11, 2019 By Pete Schroeder The Financial Stability Board needs to commit more resources to identifying new threats while reviewing existing reforms for refinement, its...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers November 15, 2018 By Huw Jones Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required...
Update: China Plans to Hike Number of Financial Institutions Deemed Too-Big-to-Fail October 10, 2018 By Bloomberg News Chinese authorities said they will designate more financial institutions as systemically important, a sign that policy makers are stepping up...