Page 6 - Basel Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BIS: Climate And Environmental Risks - Guide For Supervisors - Executive Summary Date   To help meet the goals of the 2015 Paris Agreement, the Network for Greening the Financial System (NGFS) aims to ensure that financial firms manage their climate-related and environmental risks. In May 2020, it published its Guide for Supervisors – Integrating climate-related and environmental risks into prudential supervision. The guide's recommendations provide authorities with a roadmap to integrate climate-related and environmental risks in supervisory frameworks and includes five recommendati...

Sustainability under the spotlight for businesses today and in the future Aurel Constantin 06/05/2021 | 15:45 On 21 April 2021, the European Commission announced an ambitious and comprehensive package of measures intended to further promote sustainability, as part of the goal of making Europe climate neutral by 2050. One of the many steps outlined is a proposal for a Corporate Sustainability Reporting Directive (CSRD), the aim of which would be to improve the flow of sustainability information in the corporate world, making sustainability reporting by companies more co...

All the way to zero: guiding banks towards a carbon-neutral Europe Keynote speech by Frank Elderson, Vice-Chair of the Supervisory Board and Member of the Executive Board of the ECB, at the conference on “The Role of Banks in Greening Our Economies” organised by the European Bank for Reconstruction and Development and Hrvatska narodna banka Frankfurt am Main, 29 April 2021 It is a great honour for me to be with you today to discuss the role of banks in greening the economy. And I am very happy to delve into the topic of climate change at an event co-organised by the European Bank for Rec...

Source: European Central Bank Keynote speech by Frank Elderson, Vice-Chair of the Supervisory Board and Member of the Executive Board of the ECB, at the conference on “The Role of Banks in Greening Our Economies” organised by the European Bank for Reconstruction and Development and Hrvatska narodna banka Frankfurt am Main, 29 April 2021 It is a great honour for me to be with you today to discuss the role of banks in greening the economy. And I am very happy to delve into the topic of climate change at an event co-organised by the European Bank for Reconstruction and Development (EBRD) –...

James Langton Climate risks can be understood as traditional financial risks, but the translation needs work, global banking regulators say. On Wednesday, the Basel Committee on Banking Supervision published a pair of reports on climate-related financial risks, which concluded that these risks can be captured in existing risk categories used by banks — credit risk, market risk, liquidity risk — but that work is required to better match climate risks to banks’ exposures, and to more accurately estimate these risks. “While a range of methodologies is currently in use or being developed,...