Finance › Speeches › Pablo Hernández de Cos

Remarks at City Week Panel 2022

· Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision (International)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability, banking regulation and supervision, climate, energy and nature

PH
· Pablo Hernández de Cos Wiki · Basel Committee on Banking Supervision WikiRemarks at City Week Panel 2022

ContextRemarks at a City Week 2022 panel in London; the Basel Committee sets global bank standards and wants Basel III fully implemented.

Why it mattersThe Basel chair calls for a holistic approach to climate risks in banks.

Problems raised
  1. The economic outlook is uncertain.
  2. Geopolitics and inflation raise risks.
  3. Climate-related financial risks are large and long-term.
Solutions proposed
  1. Build on Basel III resilience.
  2. Take a holistic approach to climate risks.
  3. Help banks measure, disclose and mitigate risks.
Read full speech on bis.org ↗

More from Pablo Hernández de Cos · Basel Committee on Banking Supervision · all speeches

More speeches by Pablo Hernández de Cos

Other leaders on inflation and price stability