Global Climate-Risk Management and Supervisory Principles
Following the UN’s COP26 climate-risk summit, the Basel Committee has proposed high-level principles guiding risk management and supervision related to both physical and transition climate risk.
Following the UN’s COP26 climate-risk summit, the Basel Committee has proposed high-level principles guiding risk management and supervision related to both physical and transition climate risk.
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COP26: Light on Financial-Sector Demands, Commitments
We have reviewed the direct and related agreements finally struck over the weekend at COP26 for matters with immediate financial-sector impact. In general, the documents address governmental and supranational commitments, objectives, and — in many cases — financial commitments.