Supervisor Network News Today

European Central Bank has broken new ground in climate policy, but must shake off its secrecy and maximise impact

Central banks have underestimated the significant threat posed by biodiversity loss.

THE Bangko Sentral ng Pilipinas (BSP) is set to issue more regulations particularly directed at pushing sustainability as it streamlines the so-called “green financing” in the country. Speaking at the Stratbase ADR Institute for Strategic and International Studies (ADRI) Conference on Wednesday, BSP Governor Benjamin Diokno said one of their…

The National Bank of Romania (BNR) has set up an internal department, the Sustainability and Green Economy Office, to further explore further...

By Jon Hay 09 Jul 2021 Central banks have become integral to the fight against climate change in financial markets. Participants now expect them to wield their immense influence through many avenues of their work — economic analysis, metrics, supervision, investment and even monetary policy. None of this is explicitly in the mandate of any central bank. In the past four years, first a few central banks and now many have rethought and reinterpreted their mandates, in light of the realisation t...

By Jon Hay 17 Dec 2020 After four years of the US government noisily refusing to protect humanity from climate change and pushing back on responsible investing, sustainable finance supporters are full of hope that Joe Biden’s presidency will shift the US — and the world — in the right direction. Jon Hay reports Capital markets players are convinced the US’s long wandering in the wilderness as the world’s chief renegade on climate change is coming to an end. The election of Joe Biden a...