-
ECB's approach fails to recognise credit risk of transitioning too fast, says US banks group
15 August 2024The European Central Bank (ECB)'s approach to push banks to reduce their credit risk by decarbonising is flawed, as it oversimplifies the link between emissions and default risk and fails to recognise the risk of "transitioning too fast", a US banking group has claimed.
-
US banks 'concerned' Basel climate scenario work could affect capital adequacy ratios
17 July 2024An influential group of some of the US' biggest banks has said it is "concerned" that work by the Basel Committee could prematurely lead banking supervisors to change capital adequacy requirements based on the results of climate scenario analysis.
-
Basel 'faulty'
20 March 2024US banks have urged the Basel Committee to re-draw 'flawed' climate disclosure rules, writes Michael Hurley