Banque de France (BdF) published a first report focusing on the integration of a CBDC into innovative procedures for the exchange and settlement of financial assets, based on new technologies such as Distributed Ledger Technologies (DLT), and in a multi-currency and cross-border setting. The report covers nine experiments, selected from close to 40 proposals, which [...]
The Centre for Economic Policy Research publishes a compendium of articles on Climate Change covering such items as economics, growth, GHG emissions targets, carbon pricing, carbon taxes, green finance, the central banks impacts, the political aspects and North / South divide facing the climate risks. Access to CEPR on the VOX EU website: https://voxeu.org/content/combatting-climate-change-cepr-collection [...]
The NGFS (Network for Greening the Financial System) report shares 30 NGFS members’ experiences of conducting climate scenario analysis, highlighting a diversity of design choices and approaches. At the time of publication of the report, NGFS have defined a suite of scenarios and associated models and methodologies, completed and published the result of 4 climate [...]
The ECB publishes a document describing the main characteristics of the 2022 climate risk stress test exercise and providing banks with guidance on how to conduct the exercise. There are 2 main chapters: • Chapter 2 which sets out the process for the banks’ submissions and provides a high-level overview of the quality assurance process [...]
The Financial Soundness Indicators Guide provides a comprehensive guidance on concepts, definitions, data sources and methods for the compilation of relevant indicators used to determine the health and soundness of countries and their financial institutions. It is regularly updated with new FSIs and published by the IMF. The address for IMF Guide is: https://data.imf.org/?sk=51B096FA-2CD2-40C2-8D09-0699CC1764DA Additional [...]
The NGFS (Network for Greening the Financial System) expands its review of climate impacts to financial activities, covering in this interim report the questions of biodiversity loss and its impact on the ability of central banks to fulfill their role and mandates. It shows that the expansion of the focus scope, from Climate Risk "only" [...]
The Bank of England publishes its latest survey on systemic risks (a biannual exercise). The survey is not the Bank's view but the result of feedback received from market participants treasurers and management executives. A most interesting result is the nature of the most quoted risk categories: Cyber-attack (cited by 74% of respondents). Geopolitical risk [...]
The BIS and the Group of Central Banks (list below) published a few documents on the operation of CBDCs (Central Bank Digital Currencies) for their use in Retail Banking. The address for the executive summary is: https://www.bis.org/publ/othp42.pdf Bank of Canada European Central Bank Bank of Japan Sveriges Riksbank Swiss National Bank Bank of England Board [...]
The ECB publishes the results of its economy-wide climate stress test, spanning more than four million firms worldwide and 1,600 euro area banks under three different climate policy scenarios. The results highlight a couple of major conclusions: 1) Firms and banks will benefit from early adoption of green policies and a transition plan towards a [...]
23/07/2021 OMFIF report discusses the aftermath of the pandemic and its impact on central Banks and institutional investors’ decisions. See the publication here - https://www.omfif.org/gpi2021/
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