Latest articles from Victor Smart

Jean Boissinot

Climate stress testing comes of age but modelling challenges remain

Central banks report good progress on developing climate stress testing but critics point to weaknesses, including difficulties in modelling for catastrophic shocks to financial stability.

Aurore Lalucq

European Parliament leans towards tough macro-prudential rules on bank climate exposures

Momentum is building behind European Parliament plans to impose tough capital adequacy requirements on banks backing new fossil fuels projects, say supporters, but resistance is becoming fiercer too. 

Sebastian Barling

Basel Committee seeks more consistency around bank climate actions

The Basel Committee’s paper on climate change might lack ambition by the standards of European initiatives, but it may nudge the rest of the world in the direction of sustainability, and thereby ensure a more level playing field globally.

Felicity Hall

Onus on ESG funds to clean up act or face regulatory enforcements

Amid fears that a wave of greenwashing scandals could break, global regulators have launched a multi-layered strategy to combat mis-selling, spearheaded by dramatic enforcement actions that may yet target individuals.

Laurent Clerc

FSB fears climate-related contagion effects on financial system

The background to the Financial Stability Board’s latest climate change initiative is full of potentially profound implications for the global financial system.

John Yeap

Hong Kong’s push into carbon markets hobbled by lack of ‘trust’

Hong Kong is the latest entrant into the voluntary carbon market with a remit to channel much-needed overseas funds into mainland China. Its new regulatory regime needs to overcome a crippling lack of trust in offsets despite their vast growth prospects. 

Eric Usher

Interoperability of ESG standards key if ISSB is to succeed

Interoperability between standards is key if the much-vaunted International Sustainability Standards Board is to prove effective in setting a new regulatory global baseline on disclosures. The new Impact Management Platform may help bridge the gap across jurisdictions.

Isobel Edwards

Compromises necessary as EU green taxonomy collides with politics

The credibility of the EU’s landmark green taxonomy has taken a blow after the decision to categorise nuclear and natural gas as “green”. Yet the need for it – and taxonomies like it – is stronger than ever.

Jessica Camus

ESAP could be a boon for the EU’s green agenda, but faces challenges

The European Commission believes that its new European single access point to standardise data will remove a big barrier to effective use of ESG information. But how far it can achieve this on its own remains in question. 

Tamara Cizeika

Regulators rush to avert looming ‘green’ mis-selling scandal

Regulators are having to respond fast to avert a wide scale greenwashing scandal on the back of the explosive growth in ESG investments.