How to Implement the Basel III Recommendations for Climate Risk Supervision

Financial Supervision and Emerging Risks: How to Implement the Basel III Recommendations for Climate Risk Supervision - WEBINAR, 17 April 2024
Several financial supervisors in ASEAN+3 are currently implementing the Basel III recommendations to enhance the resilience of their financial sector. Core features of the Basel III regime are the principles for the effective management and supervision of climate-related financial risks from 2022 by the Basel Committee on Banking Supervision (BCBS) together with its FAQ on climate risks, and the subsequent integration of climate risk aspects across various elements of the Basel Framework in January 2023. The BCBS also released in 2023 a draft revision of the BCBS core principles for effective banking supervision, acknowledging the need for updated supervisory practices given new emerging risks, such as climate risks.
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In this webinar co-hosted by CEP and AMRO, Julia Bingler and Pierre Monnin discuss the next steps required by financial supervisors to ensure the appropriate integration of climate risks in the Pillar 1 provisions of the Basel framework, with a focus on capital adequacy assessments and in macroprudential policy, with a focus on systemic risk buffers.