Basel Committee clarifies how climate-related financial risks may be captured in the existing Basel Framework

Basel Committee issues responses to frequently asked questions (FAQs) to clarify how climate-related financial risks may be captured in the existing Basel Framework. Clarifications intended to facilitate consistent interpretation of existing Pillar 1 standards given the unique features of climate-related financial risks and should not be interpreted as changes to the standards. Part of the Committee’s ongoing and holistic approach to addressing climate-related financial risks to the global banking system.


This information was gathered from the Bank for International Settlements


The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1929, its initial purpose was to oversee the settlement of World War I war reparations.  Last updated from Wikipedia 2024-03-25T00:02:12Z.
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Recently updated charts from the most popular data releases according to the Federal Reserve Economic Database (FRED).