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BoE suggests ways financial institutions can build on climate scenarios
22 April 2024Financial institutions can improve the relevance of results from climate scenario modelling by 'extending' them to incorporate data from sources such as building Energy Performance Certificates (EPC) ratings, according to research published by the Bank of England.
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Bank of England urged not to neglect climate work after it cuts resources
18 March 2024 -
BoE continues to focus on climate despite UK government de-prioritising it, Breeden says
19 December 2023The Bank of England will continue work to improve its understanding of climate risks to financial stability, its deputy governor Sarah Breeden has said.
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BoE climate remit risks breaking government independence obligations, report says
27 November 2023 -
UK banks, insurers told by regulator to improve climate accounting processes
29 September 2023UK banks and insurers have been urged by their regulator to "establish clear plans and timeframes for developing climate accounting capabilities", as it reminded them of expectations to measure and manage climate risks.
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Bank of England should model financial impact of acute physical risks, regulator says
25 September 2023The Bank of England should test the impact on the country's financial system of a "very large climate event", the head of the Bank's Prudential Regulation Authority (PRA) has said.
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People moves, 4 August: Green Climate Fund, AustralianSuper, Redington, Fidelity ... and more
04 August 2023 -
BoE prepares transition plan based on TPT recommendations
28 June 2023The Bank of England is to publish next week a climate transition plan it says is based on the draft recommendations by the UK's Transition Planning Taskforce (TPT).
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Take action 'ahead of regulation', urges Bank of England
19 April 2023The Bank of England has urged financial institutions to take action on sustainability and not wait for policy and regulation to be developed.
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Bank of England to explore whether climate capital requirements needed
13 March 2023The Bank of England said it will "explore whether changes to the macroprudential framework might be appropriate" to help protect against climate risks,...