Bank of England fuelling 3C warming: Positive Money response
17 June, 2021London, 17 June 2021 - Research and campaign group Positive Money has called for the Bank of England to step-up its green efforts, after the Bank’s latest climate disclosure report today revealed that the central bank’s asset purchases are funding 3C global heating - double the 1.5C target the UK government is committed to via [...]
No regulatory free pass for stablecoins, says Bank of England
10 June, 2021London, 10 June 2021 - In a speech given today, senior Bank of England official Christina Segal-Knowles shed further light on the Bank’s approach to regulation of the fast-evolving digital payments landscape, saying that stablecoins will be held “to standards similar to those applicable to existing private money”. She emphasised that confidence in private money [...]
Bank of England publishes climate stress tests: Positive Money response
8 June, 2021London, 8 June 2021 - Responding to the publication of the Bank of England’s climate stress test scenarios this morning, Positive Money senior economist David Barmes said: “The Bank’s climate scenario analysis may be a useful exploratory exercise, but it’s time to move from exploring to acting. Scenario analysis is incapable of accurately measuring highly [...]