You’re all signed up for Risk Channel
Thank you for your interest in our service.
Watch out for a confirmation email from our subscriptions team. Once you have confirmed you will join the worldwide community of over 14,000 subscribers who are receiving daily Risk intelligence to lead, innovate and grow.
Note: Due to the nature of this message you may find this in your "promotions" or "spam" folders, please check there. If nothing arrives within a few minutes let us know. If you do not receive this email we will be happy to help get you set up.
Adding the email address [email protected], will help to ensure all newsletters arrive directly to your inbox.
Recent Editions
Risk Channel
North America
The Basel Committee on Banking Supervision, a global forum for banking regulators, has revised its rulebook to better address risks from climate change, the rise of non-banks, and digitalization of finance. The new standard emphasizes the responsibility of a bank's board in ensuring sustainability and introduces a new definition of climate-related financial risks. The committee will also issue new guidelines for banks on managing risks from clients and other counterparties. Regulators are focusing on the rapidly growing non-bank financial sector, calling for better data on risks and links to lenders. The committee will publish a report on the digitalization of finance and its implications for regulation. "The revised standard reflects changes to promote operational resilience, reinforce corporate governance and risk management practices, and address new and emerging risks," said the committee.
Full IssueRisk Channel
UK/Europe
UK banks may face significant losses due to nature-related risks such as water scarcity and pollution, according to a study by the Green Finance Institute. The study warns that failure to address these risks could result in a 5% decline in the value of UK bank portfolios and a broader 12% economic decline by 2030. Nicola Ranger, director for greening finance at the University of Oxford, stated that these risks are material to both the economy and the financial system. The UK, which is struggling with ecosystem degradation, is one of the most nature-depleted countries in the world, analysis suggests. The financial consequences of ignoring these risks could surpass those of the 2008 financial crisis and rival the economic setback caused by the Covid-19 pandemic, according to the study, which identifies agriculture, utilities and manufacturing as the sectors most exposed to nature-related risks in the UK.
Full Issue