The BCBS is adopting a new approach to addressing climate-related financial risks for the global banking system. This includes assessing and considering disclosure, supervisory and regulatory measures.
The aim of the consultation is to promote a principles-based approach to improve both banks’ risk management and supervisors’ practices in relation to climate-related financial risks.
The consultation will end on 16 February 2022.
The Report aims at assessing whether it would be justified to reduce the required stable funding factor for assets used for providing clearing and settlement services or for financing transactions of precious metals.