FSB maps path for climate reforms
Global body is playing a co-ordinating role given interconnected risks
The Financial Stability Board has published what it calls a “comprehensive roadmap” for global work to tackle climate-related financial risks.
“The interconnected nature of climate-related financial risks and the growing body of work to address them reinforce the need for co-ordinated action,” said Randal Quarles, FSB chair, in a letter to the G20. The FSB’s role as a forum for regulators puts it in a good position to play this co-ordinating role, he added.
The FSB roadmap breaks down into
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