Sector Regulation Sector Regulation

Capital rules might need to punish climate-exposed banks, BIS study says

By Jack Schickler
  • 20 Jan 2020 06:30
  • 20 Jan 2020 05:42
Banks' capital requirements should evolve to take account of unpredictable disruptions arising from climate change, a study from the Bank for International Settlements has said.

The move to recognize environmental risks in bank reserves needs to sit alongside carbon pricing and a much wider shift in how central banks assess

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