• UK banks, insurers told by regulator to improve climate accounting processes

    29 September 2023

    UK 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.

  • UK regulators propose rules on diversity and inclusion

    26 September 2023

    The UK's financial regulators have issued consultations on improving diversity and inclusion (D&I) in financial industries, an issue that is "important to governance and firm-wide culture" and supporting effective risk management.

  • Bank of England should model financial impact of acute physical risks, regulator says

    25 September 2023

    The 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.

  • Regulators consider capital for climate risk

    16 December 2022

    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

  • UK regulator warns financials they face climate risk supervisory escalation

    24 October 2022

    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.

  • NAIC updates climate risk disclosure survey for US insurers

    12 April 2022

    US insurers will need to comply with the Task Force on Climate-Related Financial Disclosures...

  • UK regulator writes to CEOs of climate focus in 2022

    13 January 2022

    The UK's Prudential Regulation Authority (PRA) has placed CEOs of banks, general insurers and deposit takers on guard for the increased regulatory scrutiny it has promised to bring to bear on climate change this year, as it named climate-related risks among its top priorities for the year.

  • Australian regulator strengthens final climate financial risk guidance

    26 November 2021

    APRA has published its final guidance for financial firms for managing financial risks of climate change, including tightened recommendations around kick-starting climate scenario analysis and encouraging the adoption of climate-related targets.