May 2022: BIS Press Release – Basel Committee finalises principles on climate-related financial risks, progresses work on specifying cryptoassets’ prudential treatment and agrees on way forward for the G-SIB assessment methodology review

Key Takeaways:

• Basel Committee finalises principles for effective management and supervision of climate-related financial risks.
• Progresses work on specifying cryptoasset prudential treatment and issuing a second consultation paper.
• Finalises review of the treatment of cross-border exposures within the European Banking Union on the G-SIB methodology.

Link: Basel Committee finalises principles on climate-related financial risks, progresses work on specifying cryptoassets’ prudential treatment and agrees on way forward for the G-SIB assessment methodology review