Financials, Policy and Regulation, UK

BoE to assess changes for capital frameworks on climate risk

Bank of England building
The BoE says banks and insurers ‘need high-quality and comparable information’ about their counterparties’ climate risks. (Photo: Ben Stansall/Getty Images)

The Bank of England will carry out more work on climate change and regulatory capital frameworks for banks and insurers.

The Bank of England is to consider whether regulatory changes are needed to help banks and insurers manage climate risk.

In 2019, the Prudential Regulation Authority ...

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