Take action 'ahead of regulation', urges Bank of England
The Bank of England has urged financial institutions to take action on sustainability and not wait for policy and regulation to be developed.
Bank of England to explore whether climate capital requirements needed
The Bank of England said it will "explore whether changes to the macroprudential framework might be appropriate" to help protect against climate risks,...
NGFS interested in UK transition plan framework, says BoE's Breeden
There is international interest in the UK's plans to develop a world-leading "gold standard" for climate transition plans, including from members of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), a senior central banker has said.
Regulators consider capital for climate risk
Insurance regulators are keen to ensure their prudential frameworks properly incorporate climate risk. But whether this should be reflected in capital requirements is proving a difficult question to answer, as Christopher Cundy reports
COP27: Regulators march on ... and on
Are regulators suffering mission creep at COP27, asks Peter Cripps
UK regulator warns financials they face climate risk supervisory escalation
Banks and insurers have been warned by the Prudential Regulation Authority (PRA) they face an escalation in supervisory pressure if they fail to address climate-related financial risk appropriately.
Catastrophe risk capacity must double under "no further action" climate scenario
Bank of England staff investigation reveals some insurers' business models under threat
We have an open mind on capital for climate risk, says UK regulator
Sam Woods introduces Bank of England's conference on the topic
Risk of a rush to green assets necessitates policy clarity, says BoE official
The risks to financial stability posed by a disorderly transition will rely on companies and investors having a clear view of the future, a senior Bank of England official said.