Climate risk regulation rundown: July 2022
What happened in climate-related financial regulation last month, and what’s coming up The Financial Stability Oversight Council (FSOC), the US’ top financial regulatory body, received an update…
Weekly round-up: July 25-29
The top five climate risk stories this week 1) Banks falling short of Paris climate goals Banks have to speed up their decarbonization efforts if…
Yes, the FSOC *is* a tool to address climate change
The regulatory body has an explicit duty to respond to emerging threats to the stability of the US financial system. Climate change is one such…
What OSFI’s Draft Climate Risk Guideline Means for Canadian Financial Institutions
On May 26, Canada’s federal financial regulator released a draft guideline that outlines how nationally regulated financial firms should both manage and disclose their climate…
Weekly round-up: July 18-22
The top five climate risk stories this week 1) OS-Climate unveils risk and investing tools A climate data initiative backed by Amazon, Microsoft, Goldman Sachs,…
How herd behavior could imperil the low-carbon transition
Financial stability risks could arise if banks and investors all take the same route to decarbonize their portfolios “When the herd moves, it moves.” UK…
