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The R3Lab Toolkit offers a framework for insurance regulators to balance the promotion of innovation with consumer protection. It outlines a process starting with innovation gap and ecosystem assessments, followed by the application of a 'toolbox' comprising regulatory adjustments (e.g., sandboxes, tiered licensing), supervisory improvements (e.g., streamlined approvals, suptech), proactive engagement (e.g., newsletters, workshops), and monitoring via KPIs and social listening. The guide emphasizes that the choice of tools must be fit-for-context and supported by top leadership buy-in and internal capacity building.

Global Witness advocates for the adoption of Amendment 91 to the Financial Services and Markets Bill, which would mandate due diligence for UK financial institutions to stop the funding of illegal deforestation. The document argues that voluntary frameworks like the TNFD are insufficient and that the UK financial sector currently poses a significant risk to global forests, with an estimated $16.6 billion provided to businesses implicated in deforestation between 2015-2020.

The document examines how the cost-of-living crisis in Europe is driving vulnerable households toward risky, unregulated financial products like buy-now-pay-later schemes and crypto assets. It calls for EU policymakers to update the Consumer Credit Directive (CCD) and the Distance Marketing of Consumer Financial Services Directive (DMFSD) to include better creditworthiness assessments, advertising rules, and debt relief measures to prevent a debt spiral among low-income citizens.

The 2022 Green Central Banking Scorecard evaluates G20 monetary and prudential authorities, finding that most remain insufficiently ambitious in mitigating climate risks. While research and advocacy have improved, the report argues that central banks prioritize analysis over action and are hindered by a commitment to 'market neutrality' and flawed taxonomies. The Banque de France is the top-ranked institution, while Saudi Arabia is the lowest. The report recommends implementing green lending schemes, increasing capital requirements for fossil fuel exposures, and adopting a 'double materiality' framework to account for the financial sector's impact on the environment.

The document describes a project aimed at establishing a regulatory framework for capital market intermediaries and self-regulatory organisations in Ethiopia to enhance investor confidence and economic growth.

The project aims to establish the EABX OTC Exchange in Kenya, serving as both a trading platform and a market regulator to improve liquidity, transparency, and efficiency in bond, money, foreign exchange, and derivative markets. Key objectives include reducing funding costs for debt capital market issuances by supporting a credible benchmark yield curve and enhancing investor confidence in public debt. As of October 2022, the EABX CEO was onboarded, and recruitment for other key executive roles is ongoing.

The SEC Nigeria Digital Transformation Programme (August 2020 – March 2025) aims to modernise the ICT infrastructure of the Nigeria Securities and Exchange Commission to improve regulatory efficiency, agility, and transparency. Key goals include implementing digital regulatory services, enhancing information security, and streamlining processes through tools like e-prospectuses and e-filing. The programme is supported by a developing Digital Transformation Strategy and funding commitments from various partners for the deployment of digital infrastructure and software.

FSD Africa partnered with the Cambridge Centre for Alternative Finance (CCAF) to contextualise the Cambridge Fintech and Regulatory Innovation (CFTRI) global executive online programme for Africa. Launched in February 2022, the initiative provided scholarships that enabled 30 participants in the first cohort to complete the course. The programme is designed to help financial regulators, supervisors, and policymakers understand fintech technologies, evaluate business models and their regulatory implications, and assess regulatory innovation initiatives.

FSD Africa is providing technical assistance to Nigeria's National Insurance Commission (NAICOM) to improve its regulatory and supervisory frameworks. The project focuses on promoting insurance market innovation and developing a risk-based capital (RBC) framework to align with international standards. Key deliverables include a diagnostic report, a legal framework report, and the review of regulatory sandbox and web accelerator regulations, alongside ongoing capacity building through RBC working sessions.

Global Witness calls for the UK to amend the Financial Services and Markets Bill 2022 to introduce mandatory forest-risk commodity due diligence for financial actors and a statutory objective for regulators on nature and net zero. The briefing highlights that the UK financial sector is a major financier of global deforestation, with an estimated $16.6 billion provided to 20 agri-businesses implicated in deforestation between 2015-2020, and faces up to £200 billion in risk exposure in Brazilian beef and soy and Indonesian palm oil supply chains.

ClientEarth argues that the current UK listing regime allows carbon-intensive companies to list on the LSE despite business models incompatible with the Paris Agreement, creating systemic financial risk. The paper recommends that the FCA make demonstrable Paris-alignment a condition for listing, treat climate-exposed applications as 'high risk' for heightened scrutiny, and issue authoritative technical guidance to the market and sponsors.

The document evaluates insurance penetration and innovation in Uganda, noting a decline in penetration to 0.796% by 2021. It reviews the IRA's progress in implementing a 2019 action plan, highlighting the creation of a regulatory sandbox and streamlined product approvals, while recommending further inter-regulatory coordination and digital incentives to reach underserved markets.

The letter asserts that GFANZ is acting as a "smokescreen" for the financial sector's lack of progress on decarbonization. It highlights a gap between GFANZ's goal of halving emissions by 2030 and the reality that many members continue to fund new coal, oil, and gas projects. The authors demand that GFANZ implement interim milestones, absolute emission targets, mandatory Scope 3 targets for fossil fuel companies, and a ban on using offsets to meet 2030 targets.

Reclaim Finance criticizes the French financial center for continuing to fund the expansion of fossil fuels despite scientific warnings. While a few institutions like La Banque Postale, MAIF, and Ircantec have committed to exiting oil, gas, and unconventional hydrocarbons by 2030, the document claims most French banks and insurers, including AXA, remain supportive of the industry. It specifically highlights TotalEnergies' plans to increase gas production by 35% by 2030 and calls on the French government to implement a mandatory regulatory framework to end fossil fuel financing.

ClientEarth responds to the FCA's CP21/17 consultation, arguing that while the proposed expansion of climate-related disclosures is welcome, the FCA must broaden the scope of regulated firms, mandate Paris-aligned transition plans, and ensure robust enforcement to meet the UK's net-zero targets.

The document argues that the European Central Bank (ECB) remains inactive regarding climate risks despite exploratory work. It claims the ECB's 'market neutrality' principle creates a 'carbon bias' that supports fossil fuel companies and warns that the bank's focus on 'green' or 'sustainability-linked' bonds may facilitate greenwashing. Furthermore, the author highlights a lack of transparency regarding the ECB's non-monetary portfolios and their exposure to carbon-intensive sectors.

ClientEarth argues that the BEIS proposals for climate-related financial disclosures are inadequate and recommends a mandatory approach aligned with the full TCFD framework and Paris Agreement goals, supported by stronger regulatory enforcement and auditor assurance.

Reclaim Finance criticizes a proposed French decree on ESG reporting for financial investors, arguing it fails to align with the Paris Agreement, ignores fossil fuel financing, and lacks sanctions for non-compliance. The organization calls for mandatory transparency and penalties to force financial actors to abandon fossil fuel investments.

The Network for Greening the Financial System (NGFS) published climate scenarios in June 2020 to help manage financial climate risks. However, analysis by Oil Change International and Reclaim Finance suggests these scenarios have dangerous shortcomings, specifically by prioritizing 2°C targets over 1.5°C and relying on unrealistic levels of carbon capture. These assumptions create a bias in favor of continued fossil fuel production and investment, potentially slowing the global fight against climate change.

Environmental organizations, including the World Resources Institute and Ceres, are calling on US financial regulators to urgently address climate-related financial risks. They highlight a report by the Commodity Futures Trading Commission (CFTC) which identifies risks stemming from climate-driven damage to infrastructure and assets, as well as the failure of financial institutions to adapt to a net-zero-carbon transition.