The HKMA will assess the need to align its supervisory framework with BCBS Principles for managing and supervising climate-related financial risks.
June 23, 202212 principles are aimed at banks and 6 are aimed at financial supervisors and regulators. Implementation is expected "as soon as possible".
June 16, 2022The CFTC may use the information collected to inform actions such as the issuance of new or amended guidance, interpretations, policy statements, or regulations.
June 7, 2022The BCBS will soon publish its final set of principles on managing climate-related financial risks, and a second consultation on the treatment of banks' crypto-asset exposures.
June 1, 2022Without early action, the UK's largest banks and insurers would suffer climate-related losses worth $418bn by 2050.
May 25, 2022Two new reports shed light on the extent to which climate risks are taken into account by FIs and affect credit ratings.
May 24, 2022New report says the near-term impacts of climate change are becoming ever harder for financial institutions to ignore.
May 17, 2022The report offers recommendations for monitoring, managing and mitigating climate-related risks to promote consistent approaches across sectors and jurisdictions.
April 29, 2022A new report was released assessing current sustainability practices at FIs. Work has commenced to develop a climate disclosure guide for businesses.
April 28, 2022The guidance will help Japanese financial institutions use of the NGFS scenarios to conduct climate-related financial risk analysis, the FSA said.
April 20, 2022