Global banking regulators stick to climate priorities despite US pushback

Some of the world’s major banking regulators have agreed to stick to efforts aimed at understanding the risk to financial services from climate change, and vice versa, despite pressure from the US to abandon the project.

In December 2023, the Basel Committee on Banking Supervision had introduced proposals which require major banks to disclose information about whether their lending and investments led to emissions. But the FT reported last week that US regulators were putting pressure on other banking rule-makers to dilute the powers of the Basel

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in