Legal & Regulatory News
BCBS report on climate-related financial risk initiatives
30 April 2020The Basel Committee on Banking Supervision (BCBS) has published a report summarising the main results of a stocktake of its members' initiatives on climate-related financial risks. The report was produced by the high-level Task Force on Climate-related Financial Risks.
The stocktake report suggests, amongst other things, that the majority of BCBS members consider it appropriate to address climate-related financial risks within their existing regulatory and supervisory frameworks.
Click here to access the report.