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
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.