Blake Goud Blake Goud

Climate and nature will be integrated into banking supervision in OIC markets faster than most banks expect

WWF have released their latest update to their evaluation of central bank and financial supervisors’ policy responses on sustainability, climate and nature issues. Among the six OIC countries covered (Indonesia, Malaysia, Morocco, Saudi Arabia, Türkiye and the UAE), there was wide variability in the ways that sustainability, climate and nature risks are being addressed. Policy responses among OIC countries and across the 47 countries covered showed no correlation with countries’ income levels.

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Policies & Regulations Blake Goud Policies & Regulations Blake Goud

As Regulators Take Stock On Transition Plans, Financial Institutions Should Begin Their Own Planning

  • The NGFS released a Phase 1 stock take of the use of transition plans for micro-prudential supervision and laying out next steps

  • Transition plans for non-financial companies are substantially different than what financial institutions will prepare, and most of the finance industry is underprepared as regulators begin to probe ways to use them

  • Regulators and supervisors will place particular emphasis on making sure less resourced financial institutions in emerging & developing markets are able to effectively plan their role in transition

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