International bodies

    Basel Committee on Banking Supervision

    The global standard setter for bank regulation, which now also covers climate-related financial risk.

    Official site

    Background

    The Basel Committee is hosted by the Bank for International Settlements and includes central banks and supervisors from major economies, including RBI.

    Scope and powers

    It sets the Basel capital and liquidity standards. It published principles for managing climate-related financial risks in 2022 and a voluntary framework for banks to disclose climate-related financial risks on 13 June 2025.

    Investor relevance

    Basel standards guide RBI's own rules. The voluntary disclosure framework shows the direction of future climate reporting by banks.

    Related guides

    Key glossary terms

    Last reviewed: October 2026