In very simple language, Basel II sets out therefore a rigorous framework tying the amount of capital which a bank is required to maintain with its specific risk measurement and risk management capabilities in as much as capital is seen as the last line of defence a bank has recourse to in the event of unexpected loss from risk-taking.
So please stay tuned! Clearly, climate change is a global challenge that requires international coordination. Greenhouse gas emissions do not stop at national borders, and international trade accounts for a significant share of global emissions.