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Financials, UK

UK parliament weighs adding climate assessment to banking regulator’s duties

By Alex Janiaud

February 22, 2023

The Prudential Regulation Authority would be asked to consider the impact of climate change on financial stability, and review institutions’ exposure to fossil fuels, under tabled amendments to the Financial Services and Markets Bill. The UK's Prudential Regulation Authority, which supervises banks, insurers and large investment firms, could be given ...

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