Entries for 'Climate Risk'
June 19, 2024
On June 18, 2024, the IIF responded to the IAIS’s consultation on Climate Risk Consultation Package 3 – proposed changes to Insurance Core Principles guidance to reflect climate risk.
June 14, 2024
The June 2024 edition of the Global Regulatory Update provides targeted updates on current workstreams and events.
May 16, 2024
To gain greater insights on transition plan development across the global banking sector, Deloitte and the IIF have collaborated to map out the current ‘state of play’ in this evolving area, through interviews with a sample of bank executives and research into initial transition plan disclosures.
March 18, 2024
On Thursday, March 14, the Institute of International Finance (IIF) submitted a comment letter to the Basel Committee on Banking Supervision (BCBS) in response to a request for comment on the consultative document ‘Disclosure of climate-related financial risks.’ The International Swaps and Derivatives Association (ISDA) co-signed the comment letter.
February 27, 2024
On November 23, the IAIS published a public consultation on climate risk scenario analysis in the insurance sector, which focuses on the use of climate-related scenario analysis as a tool used by both supervisors and insurers to understand the risks to which the insurance sector is exposed at a micro- and macroprudential level.
February 27, 2024
On February 23, the IIF published its response to the IAIS consultation on climate risk market conduct issues in the insurance sector.
June 7, 2023
The June 2023 edition of the Insurance Update provides targeted updates on IIF insurance activities and events.
May 30, 2023
On May 17, the IIF responded to the IAIS consultation on Climate Risk Supervisory Guidance – Part One, the first of three consultations expected over the next 18-months on proposed changes to supervisory guidance incorporating climate-related risks.
May 26, 2023
The IIF Insurance Climate Scenario Analysis Report analyzes the survey results collected from the IIF’s insurance members that had participated in supervisory climate scenario analysis exercises and/or have conducted internal exercises.
May 16, 2023
The May 2023 edition of the Global Regulatory Update provides targeted updates on current workstreams and events.
May 4, 2023
The April 2023 edition of the Insurance Update provides targeted updates on IIF insurance activities and events.
February 23, 2023
The February 2023 edition of the Global Regulatory Update provides targeted updates on current workstreams and events.
February 7, 2023
On February 6, the IIF submitted a comment letter on the U.S. Federal Reserve Board's (FRB) Draft Principles for Climate-Related Financial Risk Management for Large Financial Institutions.
January 18, 2023
The IIF’s new report developed with McKinsey “Financing the Net-Zero Transition: From Planning to Practice” examines how financial institutions are rising to the transition finance challenge, as they seek to turn transition plans into tangible emissions reductions financing actions.
July 5, 2022
The IIF, ISDA, and GFMA provided public comments to the Financial Stability Board (FSB) on its Interim Report on "Supervisory and Regulatory Approaches to Climate-related Risks."
June 9, 2022
Climate-vulnerable low- and lower-middle income countries (LLMICs) have much lower “debt tolerance” (ability to manage high levels of debt...
May 4, 2022
The May 2022 U.S. Regulatory Update covers Fed Announcements on government-wide crypto activities, ongoing U.S. sanctions in the Russia-Ukraine conflict, proposed requirements related to climate-related financial risk, and more.
March 9, 2022
The March U.S. Regulatory Update covers Fed announcements on climate-related financial risk updates, ongoing SEC rule proposals, Hill hearings on crypto, and more.
September 30, 2021
The IIF Sustainable Finance Monitor covers key developments in the global sustainable finance agenda. In the September 2021 issue, we discuss official-sector approaches to mandatory TCFD implementation, share updates on policy and regulation, latest developments on frameworks, tools, initiatives, and key research insights.
July 15, 2021
This report takes stock of emerging public sector and banking industry practices on the topic of Scenario-based Climate Risk Measurement (SCRM). The Institute of International Finance (IIF) conducted a stock-taking exercise with 20 large member banks to gather industry experiences on SCRM exercises.