Banks, regulators call for global climate risk standards

Sharon Thiruchelvam
19 Oct 2020

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Some of the largest banks and major regulators are pushing policymakers to agree common standards on climate risk, to help the financial sector make the switch to financing a lower-carbon economy.

Ahead of the G20 summit next month and the 26th UN Climate Change Conference (COP 26) – to be held in Glasgow in November 2021 – there are warnings that, without uniform international standards, global systemically important banks will be more reluctant to use their balance sheets to help meet the

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