topic: banking

Policy & Regulation
January 30, 2023

Explainer: MEPs vote on bank ESG disclosures and ‘one-for-one’ rule

MEPs back ESG risk disclosures for banks but fail to support a rule requiring them to finance new fossil fuel activities solely from their own...
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Finance, Sector Focus
January 26, 2023

Gfanz hits back at activist energy financing report

Gfanz contests the findings of a report by the Bank On Our Future network that claims members of the alliance provide less financing for renewable...
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Policy & Regulation, Sector Focus
January 23, 2023

Indian financial sector falling behind country’s climate ambitions, says study

A new report finds that India’s major financial institutions have limited understanding of environmental issues such as greenhouse gas emissions or transition risks. Indian financial...
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Policy & Regulation
January 11, 2023

Federal Reserve will not be a ‘climate policymaker’, says chair

Jerome Powell’s comments come on the heels of a Fed report on how global banks are measuring their climate risk. Federal Reserve chair Jerome Powell has...
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Policy & Regulation, Sector Focus
December 13, 2022

European banks leave ‘too much room for greenwashing’, research warns

A lack of external audits on green finance transactions could compromise banks’ green finance targets, while biodiversity efforts are limited in scope and ambition, says...
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Policy & Regulation
November 23, 2022

Activists push the EU to implement ‘one for one’ rule 

Following similar requests for the Bank of England, environmental activists from around the world call on the European Parliament to introduce capital requirements that force...
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Sector Focus
August 30, 2022

Japan’s megabanks need to accelerate net zero action, says thinktank

Despite being members of the Net-Zero Banking Alliance, Mizuho, MUFG and SMBC have made no commitments to exit the fossil fuel sector. Thinktank and NGO Reclaim Finance says that while Japanese...
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Sector Focus
June 7, 2022

Eurozone banks under fire for poor climate risk disclosures

Lenders from the eurozone face increasing pressure and possible enforcement action for failing to meet the European Central Bank’s climate risk disclosure expectations. The European Central Bank’s supervisory assessment of...
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