In partnership with global management consultancy Oliver Wyman, the Association for Financial Markets in Europe (AFME) has published a report discussing the progress of EU banks around climate risk ...

FRANKFURT (Reuters) -A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone's largest banks, the ...

Extreme weather has always meant extreme risks for businesses and investors. Yet climate change has varied the calculus, and many businesses are facing new, potentially existential risks as the world ...

As institutions enter the 2026 SREP cycle, the ECB is signaling a shift from remediation to enforcement in respect of unresolved climate-risk deficiencies. Following several years of supervisory ...

For more than a decade US insurance regulators have required certain insurers to file climate risk disclosure reports. In recent years, financial regulators in Europe have begun climate change ...

The Federal Reserve is dialing back the regulatory burden on major U.S. banks, ending its climate stress test program and rolling out a 2025 stress test scenario that analysts see as more favorable ...

Several Democrat presidential contenders say they want the federal government to require periodic “stress tests” on large banks to ensure they can handle potential economic shocks from climate change.

Industry Insight from Ethical Corporation Magazine, a part of Thomson Reuters. April 18 - It’s remarkable how the environment and geo-politics have interacted over the past few years to make the world ...

South Africa’s central bank plans to expand its examination of climate risk to the insurance industry, as it seeks to anticipate threats that can do far-reaching economic harm. “This year we put out ...

A report warns that most Indian banks are still treating climate concerns as a disclosure exercise rather than integrating them into lending, portfolio strategy and capital planning, even as pressure ...

While 92% of major lenders now disclose at least some climate-related data — up from 40% in 2022 — there’s little evidence it is being used to inform policy or limit exposures ...

Scientists say the ‘worst‑case’ emissions pathway is now implausible. Here’s what that means for insurers and regulators.