Experts Warn that Recent Financial Move Could Leave US in Vulnerable State: 'It Could Be a Big Step Back'

Experts warn that recent financial move could leave US in vulnerable state: 'It could be a big step back'

Analysts are on high alert after the Basel Committee on Banking Supervision weakened its stance on climate-related risk disclosures. They warn that the fallout could leave the United States vulnerable, as reported by Inside Climate News.  What is the Basel Committee on Banking Supervision? The Basel Committee on Banking Supervision is a financial regulatory body with 45 members across 28 jurisdictions, including the U.S., Europe, and China. The …

Policy experts fear laxer climate rules could leave U.S. markets open to greater volatility

Read the full story at Inside Climate News. The Basel Committee’s decision to take a voluntary approach to climate rules and focus only on extreme weather will weaken a key task force, advocates believe.