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Climate-related financial risks: a survey on current initiatives
- Publication Date: April 1, 2020
- Language: English
- Geographic Area: Universal
- Issuing Entity: Basel Committee
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Abstract
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This report summarises the main results of the stocktake of 27 Basel Committee members and observers, including the European Central Bank (ECB) and the European Banking Authority (EBA)’ initiatives on climate-related financial risks.
In short, the survey suggests that the majority of members consider it appropriate to address climate-related financial risks within their existing regulatory and supervisory frameworks.
A majority of the members have raised risk awareness with banks through different channels, and many banks are disclosing information related to climate-related financial risks to some extent.
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