Basel Committee on Banking Supervision – Consultation on principles for the effective management and supervision of climate-related financial risks [ED]

Com­ment pe­riod ends February 16, 2022

Next steps:

The Basel Committee will review the Consultation feedback in Q1/2022

Last up­dated:

November 2021

Overview

On November 30, 2021, the Basel Committee on Banking Supervision has issued a public consultation on principles for the effective management and supervision of climate-related financial risks. Comments are requested by February 16, 2022.

The Committee is taking a holistic approach to addressing climate-related financial risks to the global banking system. This includes the assessment and consideration of disclosure, supervisory and regulatory measures.

Through this public consultation, the Committee seeks to promote a principles-based approach to improving both banks' risk management and supervisors' practices related to climate-related financial risks. The principles seek to achieve a balance in providing a common baseline for internationally active banks and supervisors, while retaining sufficient flexibility given the evolving practices in this area.

For further details, review the press release and consultative document.

 

Other de­vel­op­ments

    November 2021

    On November 30, 2021, the Basel Committee on Banking Supervision has issued a public consultation on principles for the effective management and supervision of climate-related financial risks. Comments are requested by February 16, 2022.

    Correction list for hyphenation

    These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.