The Basel Committee on Banking Supervision (BCBS) has released for public consultation Guidelines for the effective management and supervision of climate-related financial risks.

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.

EBA published a Report on the possible impact of the net stable funding ratio (NSFR) on the functioning of the precious metals’ markets under Article 510 of Regulation (EU) 575/2013 (CRR), as amended by Regulation (EU) 2019/876 (CRR II).

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.