Basel Committee finalises climate principles
Committee also pushes forward with crypto asset regulations
The Basel Committee on Banking Supervision (BCBS) finalised a set of principles for managing and supervising climate-related financial risks at its latest meeting.
In a statement on May 31, the committee said it would publish the final version of its “principles-based approach to improving risk management and supervisory practices” in the coming weeks. The BCBS held a consultation on the proposals in 2021.
“The publication of these principles forms part of the committee’s broader assessment of
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