Basel Committee finalises climate principles

The Bank for International Settlements, Basel
Photo: Ulrich Roth

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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