RSM AE TECHNOLOGY’s Post

I shall be on Bloomberg Asharq tomorrow morning around 8.30am London / 11.30am UAE, 23rd June, to discuss capital markets, corporate earnings, inflation and interest rates. I'll aim also to discuss climate change and what it means for capital markets, listing and reporting. #ESG #climatefinance #climatechange #capitalmarkets #inflation #interestrates

ECB to fine banks for insufficient progress on climate risk. 'A few banks face penalties for missing milestones,' says ECB's Kerstin af Jochnick. Climate accountability in finance is crucial! #ECB #NitishKumar #IndianPolitics #WorldEnvironmentDay #loksabhaelctionresult #SEBI #mutulafunds #Investment #IndiaEconomy #PortfolioManagement #investmentopportunities #hiring #megahiring #portfoliostrategies #mnc #mnccompany #mnccompanies #mncjobs #mncjob #jobs #job #opening #company

European Central Bank #climatechange protection gap. The policy options set out in the discussion paper should be complementary to ambitious mitigation policies to tackle climate change and reduce associated catastrophe risks. The proposed actions have been designed to fulfil the following main objectives: help provide prompt #insurance claim pay-outs after a natural disaster incentivise risk mitigation and adaptation measures be complementary to existing insurance coverage mechanisms require the sharing of costs and responsibilities across the relevant stakeholders to ensure “skin in the game” and reduce moral hazard lower the share of economic losses from major natural disasters borne by the public sector over the long term #reinsurance https://lnkd.in/eC_GQDkm

The Reserve Bank of New Zealand (RBNZ) has released new guidance for banks to manage both physical and transition climate risks. The guidance recommends banks use various data metrics to understand the current and future impacts of climate change on their business, using both public and proprietary data and ensuring that the data is comparable and consistent. https://lnkd.in/gyxp7zyP XDI is the world's largest provider of physical climate risk analysis to banks. Here's how we can help 👉 https://lnkd.in/gxxdBiDj #XDI #physicalclimaterisk #finance #banking #riskanalysis #climate

In a pioneering collaboration, The World Bank Bank (WB) and Bank Al-Maghrib (BAM), the Moroccan Central Bank, supported by #Agence Française de Développement (AFD), have explored the impact of #climaterisks on Morocco's banking sector. Notably, it is among the first analyses to analyze the financial sector's exposure to climate change-induced drought risks.  https://lnkd.in/efAUyYxe

ECB to fine banks for lagging on climate risk efforts. 'Several banks face penalties for missing milestones,' says ECB's Kerstin af Jochnick. Time for finance to step up on climate action! #ECB #NitishKumar #IndianPolitics #WorldEnvironmentDay #loksabhaelctionresult #SEBI #mutulafunds #Investment #IndiaEconomy #PortfolioManagement #investmentopportunities #hiring #megahiring #portfoliostrategies #mnc #mnccompany #mnccompanies #mncjobs #mncjob #jobs #job #opening #company

𝐉𝐮𝐬𝐭 𝐢𝐧 𝐓𝐢𝐦𝐞 “𝐄𝐂𝐁: 𝐓𝐡𝐞𝐦𝐚𝐭𝐢𝐜 𝐑𝐞𝐯𝐢𝐞𝐰 𝐨𝐧 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐚𝐧𝐝 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐑𝐢𝐬𝐤𝐬" Read more here: https://lnkd.in/d7amSG6N ECB has concluded its thematic review on climate-related and #environmentalrisks, which is aimed at fostering the alignment of the banking sector with its supervisory expectations (Expectations 1-10), set out in its Guide on climate-related and environmental risks published in November 2020 to ensure that the banking sector effectively and comprehensively addresses climate-related and environmental risks. The ECB also observed #goodpractices being deployed in relation to broader environmental risks, with institutions leveraging existing climate-related risk approaches. Authors: Dario E., Matteo Cecchin, Michele Ferrandino and Bianca Ghilardi #climaterisk #bankingsector #ECB

Frank Elderson gave the clearest indication yet that the European Central Bank will fine some banks for shortcomings in their #climate #risk #management. In an interview today, Elderson said the process to impose #period #penalty #payments (#PPPs) is ongoing and the outcome may be annoucned by the end of the year. Check out my thoughts on this #PPP news in my latest Substack post:

In a momentous stride, the European Central Bank (ECB) has declared its decision to levy fines on banks that fall short of climate-related requirements. This landmark ruling accentuates the escalating regulatory emphasis on environmental accountability within the financial sector. The ECB's action serves as a stark admonition to institutions that are behind in their climate commitments, underscoring the criticality of incorporating robust climate risk management practices. https://lnkd.in/ddruezgW As the environmental landscape undergoes a transformation, businesses are at the forefront of this change. It is crucial for them to prioritise sustainability and adhere to environmental regulations. The ECB's initiative is a clear indication that climate-related deficiencies will not be overlooked, and financial institutions are expected to lead the charge in addressing climate change. Let's wholeheartedly embrace this transition towards a more sustainable future and ensure our practices contribute positively to global environmental goals. #ClimateChange #Sustainability #FinancialSector #ECB #EnvironmentalAccountability #GreenFinance #ClimateRisk #BankingRegulation #SustainableBusiness #ClimateAction #OceanBlocks

Six months after issuing warnings, the ECB is now prepared to impose fines on banks that have failed to manage climate related risks. Let's see if such move will stimulate compliance with the highly complex requirements. #ECBClimateGuide #ESG