For instance, as a first step on Pillar 1, the BCBS has recently published a set of frequently asked questions to clarify how climate-related financial risks may be captured in the existing Pillar 1 framework. The BCBS’s guidance tells banks how they can already consider material climate-related risks in their regulatory capital, for example, when determining the value of real estate.
Further, as the Deputy Governor of the RBI during 1996 to 2002 and as the Governor since 2003, I have the privilege of working with the Bangladesh Bank, with mutual trust and understanding in several fora such as SAARCFINANCE Group and Asian Clearing Union (ACU).