The Financial Stability Board recently announced its publication of an interim report, “Supervisory and Regulatory Approaches to Climate-related Risks,” that aims to assist supervisory and regulatory authorities in developing their approaches to monitor, manage, and mitigate cross-sectoral and systemwide risks arising from climate change and to promote consistent approaches across sectors and jurisdictions. Its recommendations focus on three areas:
The FSB is inviting comments on its recommendations through June 30, 2022. The report includes a set of questions for this purpose. The final recommendations, incorporating feedback from the public consultation, will be published in the fourth quarter of 2022.
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