The ECB said the estimate in its first climate stress test significantly understated actual losses for the 41 banks in the sample as it only focused on credit and market risk and did not factor in ...

climate change policy is a matter for government and, frankly, it is ridiculous to suggest that central banks can have any major impact on it' - Former governor of the Bank of England Mervyn King ...

This paper explores how a newly developed methodological framework for enhanced climate stress-tests can be used by central banks and financial supervisors to inform the design of prudential measures.

Founded in 1694, the Bank of England (BoE) is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of Threadneedle Street, the Bank’s mission is "to promote the good of ...

A simple stress-test gadget could soon unmask those who are failing to cope with the pressures of life. The device could be used by bosses to find the weakest link in their office or help life ...

This insight stems from the RBNZ’s 2023 Climate Stress Test results. Kerry Watt, director of financial stability assessment and strategy at RBNZ, noted that the bank routinely conducts stress ...

The test caused much anxiety and stress in the ecosystem, but has it served its true purpose? It appears the methodology adopted for the test poses certain limitations in achieving the desired goal.

Bank of England interest rates have an impact on the mortgage, loan and savings rates for millions of people. Interest rates are currently at a 16-year high of 5.25%, pushing up costs for many people.

Homeowners hoping for a drop in their mortgage repayments will be disappointed by the Bank of England’s decision to keep the base rate on hold. The Bank has left the base rate at 5.25 per cent ...

What is the current base rate? The current Bank of England base rate is 5.25%. It has remained the same since August 2023. The chart below shows how the base rate has changed since the the financial ...

We explain what the Bank of England base rate is and how it affects the cost of your mortgage to help you avoid paying more than you need to. The current BoE (Bank of England) base interest rate ...