climate‐related financial risksfinancial stabilitylow‐carbon transitionThe financial risks and potential systemic impacts induced by climate change and the transition to a low‐carbon economy have become a central issue for both financial investors and their regulators. In this article, we develop a ...
This chapter discusses the impact of climate risks on the financial stability of Chinese banks, drawing on research conducted by Zhang et al. (2024). Despite the absence of formal inclusion of climate risks in the policy framework of Chinese authorities, there is a growing interest among financia...
to Assess System-wide Effects and Financial Stability 66 Next Steps 66 Chapter 4: Climate-related Disclosures 67 Public Disclosure of Climate-related Risks 67 Public Disclosure of Climate-related Risks and Financial Stability 68 Current State of Public Climate-related Disclosures in the United States....
Biodiversity loss and climate change interactions: financial stability implications for central banks and financial supervisors Financial risks related to climate change and biodiversity loss are currently being addressed in a largely siloed manner. Neglecting their interconnections... K Kedward,J Ryan-Colli...
Since then several initiatives have followed and in 2017 the Network of Central Banks and Supervisors for Greening the Financial System (NFGS) was created, with the aim of enhancing the capacity of the financial system to manage climate-related risks and to reallocate financial resources toward ...
One-third of responding regulators said they didn’t know how well the insurers are prepared to deal with the potential impacts of climate-related risks on financial stability. Among those who were aware, only up to four respondents answered that insurers were largely or fully prepared. One...
The Financial Stability Oversight Council issued a report on the risks a changing climate poses to the U.S. financial system, in response to Biden's order.
and across industries—including banks, insurance firms, asset management firms and other financial sector organizations. Entities in the financial sector have an added layer of responsibility to disclose not just their own climate-related risks but also the risks faced by the companies they invest ...
It was promoted by the Financial Stability Board (FSB), an international organisation created by the G20 to supervise the smooth functioning of the financial system. The objective of these guidelines is to improve transparency on the risks related to climate change and the usefulness of this ...
Task Force on Climate-related Financial Disclosures. 2017. Technical Supplement: The Use of Scenario Analysis in Disclosure of Climate-Related Risks and Opportunities. Basel: Financial Stability Board. Google Scholar Network for Greening the Financial System. 2019. A Call for Action: Climate Change ...