Your guide to this week in regulation
TechnicalStay up to date with our latest round up of financial regulation.
The debate around fossil fuels takes centre stage as COP28 continues in the UAE, with more than 100 countries already supporting a phase-out to bring fossil fuel emissions down to zero.
We bring this episode live from COP28 where Irina Velkova welcomes Andrew Griffiths, Director of Policy & Partnerships at PlanetMark, to discuss the latest update on fossil fuel phase-out. The key talking point is the claim by Sultan Ahmed Al Jaber, President of COP28, that there's ‘no science’ indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5C. Decarbonisation of the global energy system and ramping up clean energy as we move away from the use and production of fossil fuels was also discussed.
Stay up to date with our latest round up of financial regulation.
PRA's SS1/23 amendment brings stress-testing and ICAAP models under the same governance standard as capital models. Vivian Lagan explains what banks need to do to comply.
Regulators are now overseeing the UK's most critical technology providers, but the suppliers most likely to stop an insurer paying claims sit outside that regime. We look at hidden concentration risks and how to mitigate them.