The Basel Committee on Banking Supervision has released long-awaited guidance on climate-related financial risk disclosures.
But under US pressure, it’s been heavily weakened — and is now only voluntary.
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#BaselCommittee
A climate risk disclosure framework with a US-sized hole? 🇺🇸
The Basel Committee's new guidance drops key proposals — and critics say US interference is to blame. Here's what changed.
GreenCB.co/4ebZny9
#BaselCommittee
🧵 The Basel Committee on Banking Supervision has released long-awaited guidance on climate-related financial risk disclosures.
But under US pressure, it’s been heavily weakened — and is now only voluntary.
GreenCB.co/4ebZny9
#BaselCommittee
Full story 👉 www.ft.com/content/c6dc...
#ClimateRisk #FinancialStability #BaselCommittee #BankingSupervision #ClimateFinance
Bank Capital Reforms: U.S. Agencies' Participation in the Development of the International Basel Committee Standards www.gao.gov/products/gao... #BaselCommittee #BankCapitalReforms #banking