Financial Services Financial Services

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

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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