Global Sustainable Finance Initiatives II
Simon Thompson
CBI Chief Executive & ESG specialist
Regulation, in essence, defines the rules for banks, financial institutions and insurance firms at both the individual firm level - ‘microprudential’ regulation - and at the systemic level - ‘macroprudential’ regulation. In this video, Simon gives us an overview of Financial Regulation and how this is developing to enhance disclosure of climate risks and support the mainstreaming of green and sustainable finance.
Regulation, in essence, defines the rules for banks, financial institutions and insurance firms at both the individual firm level - ‘microprudential’ regulation - and at the systemic level - ‘macroprudential’ regulation. In this video, Simon gives us an overview of Financial Regulation and how this is developing to enhance disclosure of climate risks and support the mainstreaming of green and sustainable finance.
Global Sustainable Finance Initiatives II
7 mins 48 secs
Financial regulations have a variety of goals, such as fostering competition and ensuring equal treatment of clients, which may vary across jurisdictions, but one of the most relevant and widely accepted objectives is to safeguard the stability of the financial system. Climate change is going to start affecting the stability of the financial system, so it makes sense that financial regulation needs to develop to enhance the disclosure of climate risks and support the mainstreaming of green and sustainable finance. There are a number of initiatives being developed by central banks, regulators, banks and investors in order to ensure climate risks are identified, quantified and disclosed.
Key learning objectives:
Outline how existing regulations are limited in terms of climate disclosure
Understand the key climate disclosure initiatives of the banking industry
Outline some of the market-led climate disclosure initiatives of the investment industry
Understand greenwashing and its types
Simon Thompson
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