Climate Risk and Canadian Banks: Is More Capital Required?

It highlights the increasing #regulatory focus on #climaterisk faced by #canada‘s #banks, both domestically through the #osfi and globally through the adoption of guidelines proposed by the #tcfd. As regulators seek to impose more #monitoring, #disclosure, and mitigation obligations on #financialinstitutions, the article raises whether banks’ #capitalrequirements should be increased to reflect the #risks associated with #climatechange.