Growing share of global companies to confront rising transition risks
Regulator issues initial guidance targeting financial firms' climate risk management, governance
Less diversified, riskier loan portfolios leave banks more vulnerable to downturn
Regulator proposes principles-based guidance on firms' culture
Central banks' pivot could test markets' resilience
Global policy group details priorities ahead of G20 meeting later this week
Complex undertaking will reduce counterparty risk, as well as margin and liquidity demands
Final requirements to be released by end of Q2, take effect in 2024
Regulator rejects industry's call for Labour Day 2024 transition
Accumulating threats and weak liquidity may test systemic stability, U.K. regulators say