Basel Committee reports on climate-related financial risk initiatives

Blue Building - Image by PublicDomainPictures from Pixabay

The Basel Committee on Banking Supervision (Committee) has published a stocktake report on its members’ existing regulatory and supervisory initiatives on climate-related financial risks.

Prepared by the Committee’s high-level Task Force on Climate-related Financial Risks (TFCR), the report suggests that the majority of Committee members are undertaking a number of regulatory and supervisory initiatives on climate-related financial risks. 

The report also highlights that the majority of Committee members consider it appropriate to address climate-related financial risks within their existing regulatory and supervisory frameworks.

Additional details are available here.

Photo Credit: Pixabay

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