Featured Correspondence
Global Correspondence

GFMA Response to BCBS Climate Scenario Analysis Discussion Paper

GFMA has submitted a response to the Basel Committee on Banking Supervision (BCBS) Discussion Paper on the role of climate scenario analysis (CSA) in strengthening the management and supervision of climate-related financial risks. We recommend that more harmonized supervisory expectations around CSA practices should not come at the cost of flexibility and the ability to customize for individual banks. We also highlight that the current uncertainty surrounding CSA outputs makes it challenging to incorporate these into risk management decisions.

– 15 July 2024 –

Download PDF:
GFMA Response - BCBS CSA DP
GFMA Joint Response to BCBS G-SIB Window Dressing Consult
GFMA Letter on Basel Counterparty Credit Risk (CCR) Guidelines