The Swiss Financial Market Supervisory Authority - FINMA - has analysed how the largest banks and insurance companies disclose their climate-related financial risks in accordance with its disclosure circulars.
The largest banks and insurance companies will need to describe their significant climate-related financial risks in accordance with circulars 2016/1 ‘Disclosure – banks’ and 2016/2 ‘Disclosure – insurers’.
In doing so, they must describe the impa...