A resilient transition to net zero
10 July 2022 · Pablo Hernández de Cos , Chair of the Basel Committee on Banking Supervision (International)
Summary written by Dark Majestic in its own words · topics: financial stability , banking regulation and supervision , climate, energy and nature
PH 10 Jul 2022 · Pablo Hernández de Cos Wiki · Basel Committee on Banking Supervision Wiki A resilient transition to net zero Context Remarks at the Conference of Montreal (July 2022) by the Chair of the Basel Committee, who was also Governor of the Bank of Spain; the Committee sets global bank rules.
Why it matters The head of the global bank standard-setter treats climate change as a risk for bank balance sheets, a sign that climate is entering prudential rules.
Problems raised Climate change is the most existential challenge. Banks face stranded brown assets. Green bubbles could form. Solutions proposed Watch two-sided transition risks. Integrate climate risks in bank regulation. Cooperate internationally. 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 financial stability
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