Tag: Asset Purchases

Building Climate Resilient Portfolios. The Case of the Bank of Japan’s Index-Linked ETF Holdings

and | 28 November 2023
Monetary, Policy Briefs | Tags: Asset Purchases, Central Banks, Climate Risks, Governing Finance, Japan
Climate risks are financial risks that must be accounted for across all central bank operations and invested asset classes. Like for any other financial institution, all assets that central banks own – e.g., equities, bonds, and asset-backed securities – are exposed to climate risks. ... continue reading

Keeping Risks in Check. Towards a Comprehensive Reflection of Climate Risks on Central Bank Balance Sheets

| 27 February 2023
Monetary, Blog | Tags: Asset Purchases, Central Banks, Climate Risks, Financial Governance
Central banks have been highlighting the financial risks from climate change for several years. The fact that they are still not accounting for these risks across all their operations is striking. This must change. ... continue reading

Monetary Policy Operations and Financial Regulation to Green the Financial System

22 February, 2021 18.00 CET | Online
Monetary, Panel | Tags: Asset Purchases, Financial Regulation, Monetary Policy Operations, Targeted Refinancing Lines
The panel discussion will explore policy options – large-scale asset purchases, long-term refinancing operations, collateral framework and prudential regulation – to green the financial system, as well as debate their feasibility and effectiveness. ... continue reading

Central Bank Market Neutrality is a Myth

and | 16 October 2020
Monetary, Blog | Tags: Asset Purchases, Central Banks, Climate Change, Foreign Exchange Reserves, Market Neutrality
Christine Lagarde, the President of the European Central Bank (ECB), this week raised the critical question whether, in view of market failures, market neutrality should remain the guiding principle driving central banks’ policy portfolio management. Her spotlight on market neutrality underscores growing and overdue scrutiny ... continue reading

Central Banks Must Heed Their Own Warnings on Climate Risks

| 13 October 2020
Monetary, Blog | Tags: Asset Purchases, Central Banks, Climate Risk, Collateral Frameworks
The Central Banks and Supervisors Network for Greening the Financial System (NGFS), a group of more than 70 central banks and financial supervisors across the globe, has repeatedly highlighted that climate risks are financial risks. Its members have also continuously put a spotlight on the ... continue reading