Submission to the BCBS consultation on a disclosure framework for climate-related financial risk

This response consists of a written submission by CETEx to the Basel Committee on Banking Supervision (BCBS) consultation on a disclosure framework for climate-related financial risk (CRFR). The consultation was issued by the BCBS to inform the design of a Pillar 3 disclosure framework for CRFRs, with the aim of strengthening the regulation, supervision and practices of banks globally.

This submission greatly welcomes the proposal put forward by the BCBS, and provides a discussion of the prudential benefits and limitations, as well as suggesting adjustments to the BCBS’s proposals, guided by the consultation questions.