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BCBS Consults on Principles for Banks’ Management of Climate Risks

Guidance for banks on corporate governance, internal control frameworks, risk management, risk reporting, and scenario analysis, among other areas. 

The Basel Committee on Banking Supervision (BCBS) has issued a public consultation on principles for the effective management and supervision of climate-related financial risks. The consultation is open for comment until 16 February 2022. Through the consultation, the BCBS seeks to promote a “principles-based approach” to improving banks’ risk management…

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