Daunting sums: $3.5 trillion of investments in climate finance needed annually until 2050 to limit warming to 1.5C; Climate finance flows on the rise: global annual investment in clean energy hits $360bn in 2019; IIF Sustainable Finance Pyramid Framework — how data, methodologies, taxonomy, and disclosure fit together; Sharp increase in green bond issuance in 2019 to $255bn; emerging market green bond issuance hits a new high; The corporate sector has been the main driver of green bond volumes, as sovereign issuance remains lackluster
 

Sanctions on a highly-integrated economy such as Russia are still unprecedented. Unforeseen and unintended consequences could significantly shake up markets. The impact is likely most significant for asset managers and banking institutions. But further consequences for the underlying market infrastructure are possible.

Despite some fiscal consolidation, public finances are fragile. If fully implemented, the fiscal rule would imply a sizable adjustment. Nonetheless, gross public financing needs will likely remain high this year and next. 

The February U.S. Regulatory Update covers the Federal Reserve’s new proposed supervisory approach, the revised Volcker Rule covered funds proposal, the 2019 Financial Stability Oversight Council report, and more, along with Congressional updates and hearings summaries.