Response to BCBS on Principles on Climate-related Financial Risk

On February 16, 2022, ISDA and the Global Financial Markets Association (GFMA) submitted a joint response to the Basel Committee on Banking Supervision’s (BCBS) consultation on principles for the effective management and supervision of climate-related financial risks. The associations welcome guidance to foster alignment of supervisory standards and practices for addressing climate-related financial risks. The associations support the BCBS’s intention to achieve a balance in fostering effective risk management practices for climate-related financial risks and provide a common baseline for internationally active banks and supervisors, while maintaining sufficient flexibility to support necessary innovation in a fast-evolving landscape.

Documents (1) for Response to BCBS on Principles on Climate-related Financial Risk

Response to Eurosystem Consultation on Appia

On April 22, ISDA responded to the Eurosystem consultation on the Appia roadmap. ISDA broadly supports the roadmap and its high level principles, while recommending that the principle on market access and integration should be expanded to explicitly address interoperability...