FSB Report Highlights Climate-Related Risks
A new report from the Financial Stability Board today highlighted the potential implications of climate change for financial stability.
Browsing: Climate change
Task Force on Climate-Related Disclosure Issues 2020 Status Report
The Financial Stability Board’s Task Force on Climate-related Disclosure has “seen significant momentum around adoption of and support for its recommendations” for firms to develop more effective climate-related financial disclosures, according to its 2020 status report released today.
NYDFS Outlines Expectations for Managing Climate Risks
The New York Department of Financial Services today issued a letter to state-regulated financial institutions outlining the department’s expectations for managing climate change risk.
Basel Committee Considering Climate Risk Assessment Techniques
The Basel Committee on Banking Supervision is considering the use of stress tests, heat maps and scenario analysis to gauge the risks from climate change on financial institutions, Kevin Stiroh said today.
Fed Official: No Near-Term Plans for Climate Risk Weights, Stress Tests
Amid greater attention by policymakers worldwide to financial risks associated with climate change, a senior Federal Reserve official today said that the agency has no “near-term” plans to conduct climate stress tests or impose climate-related risk weighting on assets.
The Changing Climate of Credit Risk Management
Why credit portfolio managers need to focus more on physical climate risk.
The Quietly Rising Risk of Climate Change
Regardless of size, banks need a framework for assessing and understanding climate risk.