Latest articles from Victor Smart

Felicity Hall

Regulators turn focus to the ‘S’ in ESG

As the prominence of the social dimension of ESG surges, regulators feel the necessity to intervene more forcefully to replace voluntary reporting with tougher standards. 

Mark Carney

COP26: Mark Carney outlines next steps for financial regulators’ role in climate change fight

In an interview with Global Risk Regulator ahead of the United Nations Climate Change Conference COP26, Mark Carney, former central banker and UN special envoy on climate change and finance, discusses the urgent regulatory steps needed.

William Nichols

Central banks stretch their mandates to protecting ‘natural capital’

Buoyed by their apparent progress on framing financial disclosure measures to combat climate change, the world’s central banks and financial regulators have embarked on an equally ambitious initiative to stem biodiversity loss. This marks a profound shift for central banks, placing protection of ‘natural capital’ squarely within their once tightly drawn financial stability mandates. By Victor Smart

Blake Goud

Taxonomies clash threatens to fragment green finance

Impressive momentum has built up behind the effort by the world’s financial regulators to create coherent classifications to define what economic activities should truly count as sustainable, but this could also be setting the scene for fragmentation. 

Jessica Camus

EU’s green taxonomy struggles on the details

The sprawling EU sustainability taxonomy is fiendishly complex, politically contentious and monumental in its practical scope. It suffers from yawning data gaps, and some feel its credibility is being sabotaged by the very states that backed it at the outset. 

Janine Dow

Central banks plot pivot towards net-zero

Central banks have signalled a new phase in tackling climate change by placing a net-zero carbon strategy at the core of their monetary policy and oversight of financial institutions. 

Sarah Dougherty

US regulators scramble to catch up on climate change policies

The Federal Reserve and other US financial regulators are framing a slew of regulations on climate change as they hurry to deliver on ambitious policies to combat global warming set out by the Biden administration. 

Tony Cripps

Singapore prioritises transition activities in its green taxonomy

The overwhelming focus on transitioning the world economy to green technologies such as solar energy has a simple drawback: it fails to place value on minimising emissions over the coming decades of existing brown industries like generating electricity from fossil fuels. 

Leonie Kelly

Hong Kong leverages its capital markets in bid to dominate green finance

Hong Kong, encouraged by mainland China, has ambitions to become Asia’s green financial hub, though the territory still has a way to go to establish its sustainable credentials. By Victor Smart

Rick Watson

FSB warns of climate change threat to financial stability

Policy-makers and their advisers have at last recognised the implications of climate change on financial stability, marking a sea change in political sentiment on this issue. By Victor Smart