Oct. 22, 2021, 8:12 AM
The finance industry is calling for a revision of global capital rules to ensure that banks keep trading in carbon emissions markets.
The International Swaps and Derivatives Association is proposing measures that would more than halve the level of capital banks will be required to hold to prevent losses on carbon certificates from threatening their solvency. The group of more than 200 banks, insurers and commodities firms says the requirement, set by the
The proposals come as governments around the world adopt new capital rules for …