Archives - Climate-related Risks

• 24 January 2023 Daring to know in times of uncertainty and structural shifts

  Keynote speech by FSB Chair Klaas Knot at the 11th Institute for Law and Finance Conference on "The Future of the Financial Sector: The Next Systemic Financial Crisis – Where Might it Come From?: Financial Stability in a Polycrisis World", Goethe University, Frankfurt.

  Content Type(s): Press, Speeches Source(s): FSB Policy Area(s): Climate-related Risks, Crypto Assets, Non-bank financial intermediation, Vulnerabilities Assessments

• 6 December 2022 FSB Plenary meets in Basel

  FSB members discussed the outlook for global financial stability, reviewed issues of particular relevance to emerging market and developing economies (EMDEs) and agreed the FSB’s work programme for 2023.

  Content Type(s): Plenary Meetings, Press, Press Releases Source(s): FSB Policy Area(s): Climate-related Risks, Crypto Assets, EMDEs, Non-bank financial intermediation, Resolution and Crisis Management, Vulnerabilities Assessments

• 18 November 2022 FSB Sub-Saharan Africa group discusses global and regional vulnerabilities, climate-related risks and cross-border payments

  FSB holds meeting of the Regional Consultative Group for Sub-Saharan Africa in Diani, Ukunda Kenya.

  Content Type(s): Other Meetings, Press, Press Releases Source(s): RCGs Policy Area(s): Climate-related Risks, Cross Border Payments, EMDEs, Vulnerabilities Assessments

• 16 November 2022 Promoting Global Financial Stability: 2022 FSB Annual Report

  Report presents the FSB’s high-level assessment of current vulnerabilities in the global financial system; describes its ongoing financial stability work; and reports on the implementation and effects of G20 reforms.

  Content Type(s): Publications, Reports to the G20 Source(s): FSB Policy Area(s): Climate-related Risks, COVID-19, Cross Border Payments, Crypto Assets, Cyber Resilience, Effects of Reforms, Implementation Monitoring, Non-bank financial intermediation, OTC Derivatives, Regulatory Reform Recommendations, Vulnerabilities Assessments

• 16 November 2022 FSB publishes annual report on its work to promote global financial stability

  2022 annual report to the G20 describes the financial stability outlook, the FSB’s priority areas of work and the implementation and effects of the financial regulatory reforms.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Climate-related Risks, COVID-19, Cross Border Payments, Crypto Assets, Cyber Resilience, Effects of Reforms, Implementation Monitoring, Non-bank financial intermediation, OTC Derivatives, Regulatory Reform Recommendations, Vulnerabilities Assessments

• 15 November 2022 Climate Scenario Analysis by Jurisdictions: Initial findings and lessons

  This FSB-NGFS joint report draws lessons for effective scenario analysis and sketches out the global perspective stemming from the various national/regional exercises conducted to date.

  Content Type(s): Publications, Reports to the G20 Source(s): FSB, NGFS Policy Area(s): Climate-related Risks, Data Gaps, Macroprudential, Vulnerabilities Assessments

• 15 November 2022 Current climate scenario analysis exercises may understate climate exposures and vulnerabilities, warn FSB and NGFS

  Initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related risks suggest that measures of exposure and vulnerability to tail risks are likely understated.

  Content Type(s): Press, Press Releases Source(s): FSB, NGFS Policy Area(s): Climate-related Risks, Data Gaps, Macroprudential, Vulnerabilities Assessments

• 11 November 2022 FSB Chair’s letter to G20 Leaders: November 2022

  FSB Chair Klaas Knot’s letter to the G20 Leaders ahead of their November Summit in Bali.

  Content Type(s): Publications, Reports to the G20 Source(s): FSB Policy Area(s): Climate-related Risks, Cross Border Payments, Crypto Assets, Disclosure, Non-bank financial intermediation, Vulnerabilities Assessments

• 11 November 2022 FSB Chair writes to G20 Leaders ahead of the Bali Summit

  Letter warns that tighter financial conditions threaten to expose vulnerabilities within the financial system and underscore the need for international cooperation.

  Content Type(s): Press, Press Releases Source(s): FSB Policy Area(s): Climate-related Risks, Cross Border Payments, Crypto Assets, Disclosure, Non-bank financial intermediation, Vulnerabilities Assessments

• 13 October 2022 Progress Report on Climate-Related Disclosures

  Report presents progress and reviews actions taken by the International Sustainability Standards Board in developing the global minimum baseline disclosures standards as well as by individual jurisdictions and firms in improving climate disclosures.

  Content Type(s): Publications, Reports to the G20 Source(s): FSB Policy Area(s): Climate-related Risks, Disclosure