Entries for 'Sustainable Finance'
August 23, 2019
This report, produced under the auspices of the IIF SFWG, aims to provide insight on current “leading practices” among financial firms in implementing TCFD recommendations, providing a snapshot of “what good disclosure looks like.” These examples should help prompt discussion within the industry and inform dialogue with regulators and supervisors on how to achieve the goals of the TCFD, particularly on appropriate pricing of climate-related risks and financial stability.
August 8, 2019
This letter represents the IIF SFWG's reactions to the first comprehensive report from the Central Banks and Supervisors Network for Greening the Fina...
July 18, 2019
Low rates may boost short-term growth—but will discourage deleveraging even as debt continues to pile up; Incoming EC President Ursula von der Leyen puts climate change and sustainable finance top of the policy agenda; LIBOR transition update: focus on risks for asset managers; Venezuela: estimated total debt of over 200% of GDP, with external debt accounting for 80% of total debt
July 3, 2019
The newest episode of our “All About the Green” podcast takes a look at the important topic of reporting on climate and ESG risks and opportunities. ...
June 27, 2019
Negative-yielding debt hits a fresh record high of over $13 trillion; 75% of that is safe-haven government bonds; Low borrowing costs could provide some breathing room for EMs with high government financing needs; Climate change risks aren’t just domestic: over $29 trillion of G20 (mostly G7) cross-border investments are at risk. With awareness of these risks on the rise, our Green Flows Tracker shows net inflows of $2bn in Q2 (and record inflows for June); Insurer perspectives on LIBOR transition: the regulatory framework for EU insurers still requires a LIBOR-based term structure as the discount rate for insurance obligations.
June 14, 2019
The June 2019 IIF Global Regulatory Update provides updates on Advocacy on Addressing Market Fragmentation, Evaluation of Too-Big-To-Fail (TBTF) Reforms and the Basel III Finalization & Cumulative Capital Impact Study.
June 5, 2019
In this short overview, we highlight climate risks to financial stability; Even in a benign scenario, some $2.5 trillion of global financial assets are estimated to be at risk from the impact of climate change; A low-carbon transition can have a substantial positive net growth effect on GDP, outweighing costs... but transition and physical risks are growing as countries fall behind on emission targets
May 30, 2019
Trade tensions and fears of a global growth slowdown send term premia and bond yields sharply lower; Tariff spat weighs on trade volumes — but inflation expectations in check as importers bear the brunt of the cost; U.S. buybacks and dividends still going strong — but ebbing earnings repatriation flows could signal a decline; Emerging market debt vulnerabilities reflected in higher risk premia; To meet ambitious goals for sustainable infrastructure and the Paris commitments on climate change, low-and medium-income countries would need to spend as much as 4.5% of GDP.
May 16, 2019
Trade and geopolitical tensions drive investors to safe havens as market risks are reassessed; Greater sensitivity to political news flow reflects growing dominance of passive investing, high-frequency trading; New Principles for Debt Transparency aim to help address debt-related vulnerabilities in low-income countries; Green asset-backed securities have surged in popularity in recent years, but are still a niche product
May 14, 2019
The May 2019 IIF Global Regulatory Update provides updates on the Financial Stability Board along with current work streams in Regulatory Capital, Cyber Security, Digital Finance, Accounting, Sustainable Finance, Systemic Risk, Insurance and upcoming events.
May 9, 2019
U.S.-China tariff tantrum highlights risks for corporate earnings; Global IPO activity slowing as debt financing prevails—except in the U.S. where tech offerings steam ahead; At around 15% of GDP, the USD debt of non-bank borrowers is now as high in mature markets (ex-U.S.) as for emerging markets—and a risk in both cases; Innovative sustainability-linked loans gain traction; ESG bond/loan issuance set to surpass $300bn in 2019
May 2, 2019
Steady Fed gives sense of balanced risks: “healthy” U.S. economic trajectory, potential inflation rise towards 2%; Frontier market debt growing quickly — total outstanding $3.2 trillion — sovereign defaults low (for now); Green and sustainability-linked lending nearly doubles in 2018 – now almost $100 billion outstanding; LIBOR transition fraught with risks — linked to contract maturity profiles, spreads to new benchmarks
April 30, 2019
The green loan market is still a niche but growing fast: gross issuance hit $60 billion in 2018—up by 30% from 2017
April 15, 2019
Environmental, social and governance (ESG) considerations front and center for EM infrastructure
April 12, 2019
The brand-new IIF “All About the Green” Podcast kicked off with its first episode. This monthly podcast series shines a spotlight on the exciting and ...
April 8, 2019
With this note we are launching a new line of topical research on issues related to sustainable finance. After record levels of issuance in Q4 2018 and Q1 2019, the green bond universe is now over $430 billion
April 5, 2019
The IIF has submitted a response letter to IOSCO Consultation Report entitled “Sustainable finance in emerging markets and the role of securities regulators.”
March 28, 2019
Sustainable growth high on the policy agenda; Market fragmentation poses risks for scaling up green finance markets; Demographic and social challenges for growth in China point to a decline in savings rates and home sales
March 25, 2019
In a letter to the European Commission’s Technical Expert Group on Sustainable Finance, the IIF sets out six principles regarding the need for a sustainable finance taxonomy that can be practical, internationally-applicable, and readily adapted to the needs of users in different jurisdictions.
February 5, 2019
The IIF has submitted the response letter to the Prudential Regulation Authority (PRA) Consultation Paper - Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change.