Basel Committee adds climate risks to banking supervision standards

Zurich (AFP) April 25, 2024

The Basel Committee on Thursday approved an update of its banking supervision guidelines that includes risks from climate changes and the digitalisation of finance. The changes to its "core principles for effective banking supervision" were approved at a meeting of some 220 central bankers and financial regulators on April 24 and 25 in Basel, Switzerland, it said in a communique. The B