Regulatory Frameworks: Difference between revisions
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| | |ECB makes addressing deficiencies in business strategies and risk managements as regards climate-related and environmental risks as one of its three supervisory priorities for 2025 to 2027. Specifically, ECB states that " ''Banks should fully comply with supervisory expectations relating to the management of C&E risks, as well as requirements stemming from the new CRR3/CRD6 banking package (including those related to prudential transition plans), and should address identified shortcomings in a timely manner.''"<ref>ECB supervisory priorities 2025-2027. https://www.bankingsupervision.europa.eu/framework/priorities/html/ssm.supervisory_priorities202412~6f69ad032f.en.html#toc11</ref> | ||
|European Banking Authority (EBA) | |European Banking Authority (EBA) | ||
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Revision as of 19:12, 4 March 2025
We can sub-divide by sector (e.g. banking, insurance, pensions) and then by macro region (LatAm, NorthAm, EU/ UK) then by national jurisdiction (Canada, Mexico, United Kingdom, USA) then sub national jurisdiction (state/region).
Banking
| Region | Country | State | Policy Name | Policy Description | Issued by | Year | Status | Key words |
|---|---|---|---|---|---|---|---|---|
| Global | Supervisory and Regulatory Approaches to Climate-related Risks: Final report | The FSB calls for an acceleration of progress in the implementation of climate-related disclosures using a framework based on the TCFD Recommendations. It sets out four recommendations for financial authorities as they develop their disclosure framework. | Financial Stability Board (FSB) | 2022 | Active | Regulatory | ||
| EU | Guide on Climate-Related and Environmental Risks | The ECB published this guide to outline expectations for banks on managing and disclosing climate-related and environmental risks. It emphasizes the integration of these risks into banks' governance, strategy, and risk management frameworks. | European Central Bank (ECB) | 2020 | Active | |||
| Global | Principles for the effective management and supervision of climate-related financial risks | The Basel Committee on Banking Supervision has published principles for the effective management and supervision of climate-related financial risks. The document forms part of the Committee's holistic approach to addressing climate-related financial risks to the global banking system and seeks to improve banks' risk management and supervisors' practices in this area. | The Basel Committee on Banking Supervision (BCBS) | 2022 | Active | |||
| ECB makes addressing deficiencies in business strategies and risk managements as regards climate-related and environmental risks as one of its three supervisory priorities for 2025 to 2027. Specifically, ECB states that " Banks should fully comply with supervisory expectations relating to the management of C&E risks, as well as requirements stemming from the new CRR3/CRD6 banking package (including those related to prudential transition plans), and should address identified shortcomings in a timely manner."[1] | European Banking Authority (EBA) | |||||||
| European Systemic Risk Board (ESRB) | ||||||||
| Federal Reserve (Fed) | ||||||||
| Office of the Comptroller of the Currency (OCC) | ||||||||
| Federal Deposit Insurance Corporation (FDIC) | ||||||||
| Securities and Exchange Commission (SEC) | ||||||||
| Financial Stability Oversight Council (FSOC) |
Insurance
| Region | Country | State | Policy Name | Issued by | Year | Status | Key words |
|---|---|---|---|---|---|---|---|
| North America | USA | Overview of climate risk related work by NAIC | NAIC | Active | |||
| North America | USA | WA | Commissioner's Office | ||||
| North America | USA | WA | |||||
| North America | USA | CA | |||||
| North America | USA | CA |
Pensions
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- ↑ ECB supervisory priorities 2025-2027. https://www.bankingsupervision.europa.eu/framework/priorities/html/ssm.supervisory_priorities202412~6f69ad032f.en.html#toc11