Basic environmental and social risks remain unaccounted for in central banking and financial supervision
New findings of WWF´s Sustainable Financial Regulations and Central Bank Activities Tracker 2023 show that several central banks and financial supervisors are making notable progress to “green” their financial regulation and supervision. However, significant gaps remain, in particular in high income countries, countries with the largest GHG emissions and those that are the most biodiverse […]
Taming the green swan: Asia Pacific prudential regulation in the face of climate risks
This is the second article in a series examining how Asia Pacific central banks are responding to the climate crisis – read the first article. The story on climate is clear: there needs to be a comprehensive policy response in order to transition to a low-carbon economy. This is true for Asia Pacific in particular, as […]
Greening the financial system – from ambition to action
As one of the mega-diverse countries in the world, a lot of weight falls on Malaysia’s shoulders in the fight against climate change and biodiversity loss. Malaysia has experienced drought, landslides, storm surges, and the large majority of its climate hazards losses are attributable to flooding with estimated losses of around US$1.3 billion. Climate change […]
WWF SUSREG to include assessment of insurance regulation and supervision activities
New Sustainable Financial Regulations and Central Bank Activities (‘SUSREG’) Framework extension to insurance regulation and supervision aims to help central banks, financial supervisors and insurance regulators to create a greener financial system.Together with central banks and financial supervisors, insurance regulators and supervisors have a critical role to play in channeling financial flows towards sustainable activities. […]
WWF calls for ambitious action from central banks, supervisors and regulators to align activities with global biodiversity deal 2030
New findings of the WWF Sustainable Financial Regulations and Central Bank Activities (SUSREG) assessment 2022 show that despite initial steps taken by progressive jurisdictions, central banks and financial supervisors are not up to speed with the transition to a nature positive, net zero economy.WWF has published a new report highlighting key findings from its SUSREG […]
Heat on the horizon: how Asia’s financial regulators must rise to the climate challenge
Countries like India should develop plans to manage the physical and transition risks of climate change © Abbie Trayler-Smith / DfID Across Asia Pacific, central banks and financial supervisors are beginning to respond to the call on climate action. An increasing number of guidelines have been issued by regulators in the region to help financial […]