This paper explores how transition plans could offer a technical solution to the challenge of integrating transition risks into the prudential framework. Read more
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In this paper the authors use Credit Default Swap (CDS) spreads to construct a forward-looking, market-implied carbon risk factor and study how, where and when carbon risk affects firms’ creditworthiness by examining whether firms’ exposure to carbon risk is reflected in the market prices of their CDS contracts. Read more
Net zero transition plans can provide an additional dynamic instrument for financial supervisors to assess and address financial risks. This report provides steps towards incorporating transition plans into prudential supervision. Read more
The financial sector must seize the strategic opportunity to drive the net-zero-carbon transition, supported by government through clear policy signals and regulatory frameworks, says Spain's Minister for the Ecological Transition, Teresa Ribera, in this post for the Sustainable Finance Leadership series. Read more
The structural shifts underway to tackle climate change and other environmental issues mean there is huge potential for further growth in green finance despite challenges ahead, writes Roger Gifford for the Sustainable Finance Leadership Series. Read more
By Dave Jones, California Insurance Commissioner (January 2011–January 2019) Insurance regulators have a critical role to play in making sure... Read more
This paper sets out responses to selected questions from the the UK government's consultation on its proposal for a more streamlined and effective energy and carbon reporting framework. Read more
