Episode # 5. Regulators have the magic wand to green the banking sector. Why won't they wave it?
thezeroist.substack.com
Thierry Philipponnat is Head of Advocacy and Research at the Brussels-based NGO Finance Watch, and author of a new report called “Breaking the Climate-Finance Doom Loop”. In this episode, he explains why banks are trapped in this cycle of continuing to fund risky oil and gas exploration and operations which put the stability of the entire financial system at risk. And how that doom loop can be broken through a simple tweak to the rules on banks capital risk requirements under European law.
Episode # 5. Regulators have the magic wand to green the banking sector. Why won't they wave it?
Episode # 5. Regulators have the magic wand…
Episode # 5. Regulators have the magic wand to green the banking sector. Why won't they wave it?
Thierry Philipponnat is Head of Advocacy and Research at the Brussels-based NGO Finance Watch, and author of a new report called “Breaking the Climate-Finance Doom Loop”. In this episode, he explains why banks are trapped in this cycle of continuing to fund risky oil and gas exploration and operations which put the stability of the entire financial system at risk. And how that doom loop can be broken through a simple tweak to the rules on banks capital risk requirements under European law.