BCBS publishes framework for voluntary disclosure of climate‑related financial risks
The BCBS has introduced a voluntary framework for jurisdictions to disclose climate-related financial risks. This framework blends qualitative and quantitative data for a comprehensive view of bank exposures, while offering flexibility due to evolving data. It encourages a holistic approach to understanding disclosure strengths and weaknesses. Implementation is left to individual jurisdictions, and the Committee will monitor developments to update the framework as needed.