On December 8, 2022, the Basel Committee on Banking Supervision ("BCBS") released guidance to clarify how climate-related financial risks may be captured in existing capital
The RFI is intended to inform the CFTC's next steps in this rapidly developing area and respond to the 2021 Report on Climate-Related Financial Risk from the Financial Stability Oversight Council.
On April 29, 2022, the Financial Stability Board ("FSB") released an interim report on "Supervisory and Regulatory Approaches to Climate-Related Risks" (the "Report").