Sector Regulation Sector Regulation

Banks' climate-change risks necessitate review of global rules, Basel Committee warns

By Fiona Maxwell
  • 14 Apr 2021 09:30
  • 14 Apr 2021 09:17
Banks face potentially considerable losses from climate-related financial risks, the Basel Committee on Banking Supervision warned in two reports today, as it said it would investigate whether existing policies are appropriate to respond to these threats.

The committee said it would assess whether its international measures might be sufficient to address the credit,

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