Climate Change Adds to Risk for Banks, but EU Lending Proposals Will Do More Harm Than Good
Arnoud Boot and
Dirk Schoenmaker | 17 January 2018
Blog,
Monetary | Tags:
Climate Change,
Financial Stability,
Macroprudential Regulation Climate change is a relevant risk factor for the banking sector, but the European Commission's plan to lower capital requirements for greener investments is irresponsible in encouraging banks to forego proper risk management.
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Is It Time To Take Away The Carbon Punch Bowl?
Josh Ryan-Collins | 5 September 2017
Blog,
Monetary | Tags:
Climate Change,
Financial Stability,
Macroprudential Regulation Climate change poses serious financial risks. Perhaps the biggest systemic risk is a disorderly transition to a low carbon economy. As noted in the Bank of England’s ‘response to Climate Change’, current forecasts suggest that to keep global average temperatures below 2 degrees, around two-thirds of
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Central Banks, Financial Stability and Inequality
Pierre Monnin | 9 March 2015
Blog,
Monetary | Tags:
Central Banks,
Financial Stability,
Inequality When you ask a central banker what her job is, she will most probably answer: “keeping inflation under control!” Indeed, securing price stability constitutes the current raison d’être of most, if not all, central banks around the world. In parallel to this objective, however, many
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