Archive

We have an open mind on capital for climate risk, says UK regulator

Sam Woods introduces Bank of England's conference on the topic

People Moves 15 July: BlackRock, ISSB, Impax, ESG Book, Axa IM & more

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.

Insurers need more "non-standard" data on climate change, BoE warns

Insurers will need "a lot of non-standard information" about their supply chains and customers to assess how climate change could hit their businesses...

Bank of England told to expand work on nature-related risk

The Bank of England's Financial Policy Committee (FPC) has recommended the central bank expand its work on nature-related risks, in a move heralded as a first.

UK insurers set five-point plan to maximise climate risk management

The Association of British Insurers (ABI) has called on the UK government to fulfil five actions needed for the insurance sector to further tackle climate change.

BoE's Breeden warns against 'paper decarbonisation'

There is a risk of a failed energy transition if financial institutions do not back up their transition plans with investment to decarbonise heavy-emitting activities, a senior Bank of England official has warned.

BoE climate test estimates potential £350bn loss

Lloyd's: Support don't cancel fossil fuels

The debate on fossil fuels is "too black and white" said Lloyd's chairman Bruce Carnegie Brown, who added investors should support the industry to change "rather than cancel" its investment in it.

Climate change 'the ultimate systemic risk,' says BoE

Climate change represents "the ultimate systemic risk ... [because] firms cannot diversify away from their exposure to the planet," a senior official at the Bank of England (BoE) has said.