Archive

Australian regulator asks financial institutions for nature risk information

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.