This website uses cookies. By using this website, you agree to our Cookie Policy.
Basel Committee Issues Principles on Management and Supervision of Climate-Related Financial Risks
June 16, 2022On June 15, the Basel Committee on Banking Supervision (“BCBS”) issued its Principles for the effective management and supervision of climate-related financial risks (the “Principles”). In its release, the BCBS stated that it “aims to promote a principles-based approach to improving both banks’ risk management and supervisors’ practices related to climate-related financial risks.” The publication of the Principles follows an initial consultation document issued in November 2021.
