Existing capability and regime gaps “create uncertainty” over whether financial institutions are adequately capitalised for future climate-related losses, according to the Bank...
UK ministers enthuse about the post-Brexit potential to unleash a new wave of green investment, but not everybody is convinced.
Without early action, the UK’s largest banks and insurers would suffer climate-related losses worth US$418 billion by 2050.
The Bank of England is exploring whether to use capital add-ons or scalars to address weaknesses in climate risk management.
Eight UK asset owners call for less “prescriptive” implied temperature rise methodology; warning of risk to just transition.
Climate risk-related risk weightings are seen as inevitable as investors and supervisors scrutinise sector’s climate policies.
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