by the Bank for International Settlements
- The two reports discuss transmission channels of climate-related risks to the banking system, and the measurement methodologies of climate-related financial risks.
- Climate risk drivers can be captured in traditional financial risk categories, but additional progress is needed to better estimate these risks.
- The reports provide a conceptual foundation for the Basel Committee’s next phase of work to identify potential gaps in the Basel Framework and consider measures to address them.
Link: Basel Committee publishes analytical reports on climate-related financial risks