https://www.taxtmi.com/news?id=26688 Climate change creates systemic threats to monetary stability and regulated entities via physical risks (extreme weather harming operations and collateral values) and transition risks (sudden repricing of carbon intensive assets and greenwashing). Central banks should require standardised, forward looking disclosures, develop data and vulnerability mapping, and implement scenario analysis and climate stress testing. Leveraging their supervisory mandate, central banks can integrate climate risks into regulatory frameworks, incentivise green finance, support market infrastructure such as sovereign green bonds and green deposits, and promote capacity building and international cooperation to manage cross border financial risks. en-us Tue, 25 Jul 2023 16:39:47 +0530 Tue, 25 Jul 2023 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26688 Climate change creates systemic threats to monetary stability and regulated entities via physical risks (extreme weather harming operations and collateral values) and transition risks (sudden repricing of carbon intensive assets and greenwashing). Central banks should require standardised, forward looking disclosures, develop data and vulnerability mapping, and implement scenario analysis and climate stress testing. Leveraging their supervisory mandate, central banks can integrate climate risks into regulatory frameworks, incentivise green finance, support market infrastructure such as sovereign green bonds and green deposits, and promote capacity building and international cooperation to manage cross border financial risks. News - Tue, 25 Jul 2023 16:39:47 +0530 https://www.taxtmi.com/news?id=26688