U.S. Seeks to Downgrade Climate Risk in Global Financial Regulations
Friday, 9 May 2025 () The U.S. is proposing that the Task Force on Climate-related Financial Risks (TFCR) at the Basel Committee on Banking Supervision (BCBS) be downgraded to a working group, the Financial Times reported on Friday, citing sources briefed on the matter. The Basel Committee is the top global regulator of the banking sector, and its 45 members comprise central banks and bank supervisors from 28 jurisdictions. For the United States, the representatives on the committee are four institutions β the Fed, the Federal Reserve Bank of New York, the Officeβ¦
Friday, 9 May 2025 ()
