The Financial Stability Board (FSB) has launched a consultation on supervisory and regulatory approaches to climate-related risks.
The interim report recommendations focus on three areas:
– Supervisory and regulatory reporting and collection of climate-related data from financial institutions
– System-wide supervisory and regulatory approaches to assessing climate-related risks
– Early consideration of other potential macroprudential policies and tools to address systemic risks
The secretariat of Insurance Europe will prepare the response.