UK banks, insurers told by regulator to improve climate accounting processes
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
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
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.
Australian insurers to be put to climate test
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
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.
Australian regulator survey finds climate risk gaps
NAIC updates climate risk disclosure survey for US insurers
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
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
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.