Regulators propose first global blueprints for banks and climate change

Regulators propose first global blueprints for banks and climate change ...

The global banking regulators said Tuesday that based on its influence on climate change and its risk factor, "It is good to keep the watch on."

"The banks should define and quantify climate-related financial risks and integrate those measured as materially material over relevant time horizons into their internal capital and liquidity adequacy assessment processes", the Board of Banking Supervision added. "The regulatory principles of climate change have been put out to public consultation.

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