Regulation and Control in Banking Institutions of Climate And Enviromental Risks Cover Image

Регулиране и контрол в банковите институции на климатичните и екологични рискове
Regulation and Control in Banking Institutions of Climate And Enviromental Risks

Author(s): Rumen Angelov
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Environmental and Energy policy, Fiscal Politics / Budgeting
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: regulations; control; banks; climate risks
Summary/Abstract: Banks are under increasing pressure to implement working mechanisms to control climate risks and to support the socio-economic cause of sustainable development. This pressure comes from two sides, one with governments through new regulations and the other with investors aware of the threat to the bank’s assets.Banking regulators around the world are adopting new rules to limit openness to climate risks and require stress tests to be conducted soon.