Improving data will enable banks and regulators to better capture climate risks in financial terms
Temporary relief due to extreme volatility is no longer needed
Europe and U.K. are leading the way, while other major countries set to follow
Regulator aims to enhance resilience, risk sensitivity of post-crisis rules
OSFI maintains current capital cushions as risks remain elevated but stable
Global banking regulators aim to ensure a level playing field in the crisis response
New approach will end reliance on insurers' internal calculation models
Several large U.S. banks see buffer requirements decline
While post-crisis reforms aren't final, new standards allowed for capital flexibility
Climate risks will start impacting capital requirements in Europe, Fitch says