Green finance
MAS selects asset managers with green focus
Singapore government will start issuing green bonds, governor Menon says
SEC task force to enforce green and ESG rules
US regulator says task force aims to “proactively address” disclosure gaps
BIS paper proposes solution to ‘runnable brown assets’
Central bank liquidity backstop could boost stability and encourage firms to go green, authors say
BoE given green remit for monetary policy
Central bank to provide details on reforming corporate bond buying “in the coming months”
Temporary green QE might have limited effects – research
Green bond buying can cut flow of pollution but has little effect on stock – Bank of Italy paper
Green finance: new initiatives in China, Europe and Americas
Eurosystem adopts common investment principles; China pushes climate modelling; and more
European supervisors unveil new rules to combat ‘greenwashing’
Authorities say the “significant” new rules should lead to better climate disclosures, but warn of flaws in the underlying legislation
Fed creates committee on climate change impacts
New York Fed supervision chief moves to DC to chair new body
Central bankers debate next steps on climate change
Jens Weidmann argues for independent agency to relieve burden on central banks
MAS explores need for domestic green taxonomy
Taxonomy could help steer capital towards the region’s green priorities, deputy governor says
ECB steps up work on climate change
Central bank launches climate change centre and invests in new BIS green bond fund
BIS to research prototype DLT green bond platform
Innovation hub sets up international network to share knowledge and address problems
Banque de France pledges to drop coal-linked assets by 2024
French central bank will also cut oil and gas exposures, and oppose new fossil fuel projects
Bank of Italy paper looks at economic impact of disasters
More frequent disasters make economic effects larger and non-linear, researcher finds
BdF paper looks at French law on climate disclosures
Law led to sharp cut in French firms’ holdings of fossil fuel-related instruments, research finds
Federal Reserve joins NGFS
Seven other organisations join as Trump defeat frees Fed to join green network
Bank of Spain paper applies text mining to climate disclosures
Some climate disclosures found only in remuneration or Pillar 3 reports, researchers say
BoE considering legal action over hoax press release
Group calling themselves the ‘Yes Men’ claimed credit for the fake
MAS sets up grant scheme to encourage green loans
Singapore’s central bank will pay part of banks’ and other firms’ costs in hiring environmental advisers
Green firms see equities rise as climate concerns grow – NBB paper
Researchers track relationship between media coverage and large firms’ equity values
FSB warns of ‘breadth and magnitude’ of climate risks
Report warns climate risk could be more challenging to address than other economic risks
Asean central banks call for joint action on climate risk
Asean policy-makers have work to do if they are to catch up with climate leaders, report says
Canada launches climate risk scenario pilot
Project will test volunteer institutions for their exposure to climate change risk
Video Q&A: Andrew Geggus, BNP Paribas
Central Banking met with Andrew Geggus, global head of agency lending trading at BNP Paribas, to discuss what the bank has seen from the central banking community in response to the Covid-19 crisis, and how this has impacted the securities lending…