We review the "climate action plans" of Global Systemically Important Banks (GSIBs) and the progress they are making toward achieving them. G-SIBs have identified the drivers of climate risk and their transmission channels to credit and other risks. Additionally, some have started to measure and...

Climate change is a major threat to financial stability and requires financial institutions and the regulatory bodies that supervise them to put climate change at the core of their strategies and processes. The global climate crisis and the economy’s green transition are giving rise to new...

What is the response of bank foreign subsidiaries to climate policy in their host countries This paper finds that global banks with high environmental performance increase their presence in countries after local authorities strengthen their climate-related actions. Through their foreign...