Basel Committee mulls mandatory climate disclosures
Proposals envisage "iterative process" of adding climate risks to Basel framework
The Basel Committee on Banking Supervision is considering how to set mandatory global standards for the disclosure of climate risk as part of the Basel framework.
A consultation published on November 29 identifies ways climate risk could be included in Pillar 3 of the Basel framework, which covers disclosures.
“The committee recognises that the accuracy, consistency and quality of climate-related data is still evolving, but at the same time, disclosure requirements will accelerate the
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