Compliance with Basel Disclosure Requirements on climate-related financial risks: a desktop survey of select Asian and European banks[1]

This desktop survey assesses the extent to which 14 Asian and 6 European Banks are complying with the Basel Committee’s consultative document on disclosure requirements for climate-related financial risks. The survey shows that Asian banks are 25% compliant (63% for the European banks), highlighting that more work is needed to ensure full compliance.

What Gets in the Way of Change in Central Banks?

Representatives from a number of member central banks shared anonymous but candid insights on their challenges of change during our recent course: ACCELERATE: SEACEN Leadership Course on Leading Change. What blocks their sense of urgency required for successful change to happen? How can leaders overcome them? Read below…

Eye on Catalysts: Central Banks and Payments

As emphasised in opening remarks by Deputy Governor Jessica Chew at the Central Bank Payments Conference on 11 June 2024 in Kuala Lumpur, “The payment system lies at the heart of economic activity. If money is the lifeblood of the economy, then payment systems represent the veins that allow money to flow to where it […]

How can Emerging and Frontier Markets in Asia attract Global Cross-Border Capital Flows for their Climate Transition?

“To reach net-zero greenhouse gas (GHG) emissions by 2050, entities operating in most sectors must undergo a major transformation. The key tool that will enable this transformation is the development of a transition plan that is science based, coherent, comprehensive, transparent and covers all material scopes of emissions and business activities.” CBI Report on Scaling […]

Leadership Mindsets in Central Banks: Shifting Toward Change and Growth

Providing agility as well as stability is the leadership mandate in central banks today Imagine this: You and your team worked so hard on a very important report that you needed to deliver. This ad hoc report was, frankly, beyond your area of expertise, yet you took on the challenge and rallied your team to […]

What is Greenwashing?

Introduction There is a fair degree of consensus that in order to prevent the worst climate damages, global net emissions of carbon dioxide need to fall by about 45 per cent from 2010 levels by 2030, reaching net zero around 2050. To curb the adverse effects of global warming, the Intergovernmental Panel on Climate Change […]

Why Does the Bitcoin Soufflé Rise Again and Again?

There has never been any asset that has staged a series of four bubbles, crashed aftereach of them, and after a while regrouped to stage another bubble, the way bitcoin has.John Authors, Points of Return, 26 March 2021 Every aspiring baker knows only too well that getting a soufflé to rise can be a big […]

Addressing Climate Risks in Central Banks: Emerging Challenges for SEACEN Member Economies

Climate change poses a common and potentially overwhelmingmacrofinancial risk for all SEACEN member countries.Michael D. Patra, Deputy Governor, Reserve Bank of India, 15 February 2024 Introduction Many SEACEN economies are acutely vulnerable to natural disasters and the broader impact of climate change. Figure 1 illustrates the mean temperature and precipitation change within the last century […]

Future Proofing Central Banks through Leadership Practices

Future-ready central banks In the words of Christine Lagarde, ‘central banks must provide for stability in an age that is anything but stable’. Central bank leaders throughout the world are increasingly acknowledging that we are now living in the age of disruption and that one of our key priority areas must be ensuring our future […]