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.
Basel Backs Down on Crypto, Advances Climate Work
The Basel Committee today conceded to comments on its tough crypto-capital proposal (see FSM Report CRYPTO19) saying that it will release another set of prudential standards in 2022.
Treasury, SEC Advance Racial-Equity Agenda
At a conference today on equitable economic growth, Secretary Yellen cited disparities in PPP offerings as just one example of inequitable market practice the Treasury Department aims to end.