#RBC

27 08, 2021

AL083021

2024-03-13T14:57:32-04:00August 27th, 2021|3- This Week|

BACK TO (GREEN) BUSINESS


While Congress and media attention will be preoccupied with Afghanistan, infrastructure, and the budget bill when it returns, House and Senate committee work before the summer recess will also press on.  This will very much include climate risk given its top-priority importance to Democrats and their electoral base.  Although most of the focus on climate risk will come in the context of the infrastructure and budget battles, finance won’t be forgotten.  HFSC and Senate Banking will thus turn to the climate-risk initiatives launched earlier this year.

AL083021.pdf

27 08, 2021

FedFin on: Green Risk-Based Capital Requirements

2024-03-13T15:50:16-04:00August 27th, 2021|The Vault|

House Democrats are considering legislation to mandate a punitive capital construct for bank and, in some cases, also to certain nonbank exposures to companies with fossil-fuel links.  A still higher capital surcharge would also govern large-BHC activities that may increase greenhouse-gas emissions, a criterion bank regulators would have to define ahead of deciding what surcharge to set.  This surcharge appears to contemplate a capital requirement on some of the so-called “Scope 3” climate exposures and thus could prove particularly problematic given ongoing methodological uncertainties in this area.

The full report is available to retainer clients. To find out how you can sign up for the service, click here.…

27 08, 2021

GREEN10

2024-03-13T15:50:06-04:00August 27th, 2021|1- Financial Services Management|

Green Risk-Based Capital Requirements

House Democrats are considering legislation to mandate a punitive capital construct for bank and, in some cases, also to certain nonbank exposures to companies with fossil-fuel links.  A still higher capital surcharge would also govern large-BHC activities that may increase greenhouse-gas emissions, a criterion bank regulators would have to define ahead of deciding what surcharge to set.  This surcharge appears to contemplate a capital requirement on some of the so-called “Scope 3” climate exposures and thus could prove particularly problematic given ongoing methodological uncertainties in this area.

GREEN10.pdf

Go to Top