FSB debates how to fit climate risk into capital rules

Regulators ponder whether climate risk needs new RWAs or recalibration of existing ones


Regulators are still undecided on whether the risks associated with climate change can be handled within the existing bank prudential framework, or will need separate risk weights and capital add-ons, an official at the Financial Stability Board has said.

Joseph Noss, head of vulnerabilities assessment at the FSB, told an event organised by the Institute for International Finance (IIF) on September 16 that climate risks are broad and non-linear, and that past data was a “poor guide” to the

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