Archive

  • 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.

  • Australia climate stress tests its five largest banks

    03 September 2021

    The Australian Prudential Regulation Authority (APRA) has published details of an assessment of the country's five largest banks of their vulnerability to physical and transition climate risks.

  • UK finance sector gets new advice on climate-related risks

    30 June 2020
  • Bank of England publishes first climate disclosure

    19 June 2020

    The Bank of England (BoE) has published its first climate-related financial disclosure, identifying both transition risk and physical risks on its balance sheet.

  • UK regulator proposes tightened climate-risk disclosure demands

    09 March 2020

    The UK financial services regulator has announced it is considering new climate-related disclosure requirements for most of the major firms listed in the country, despite disappointment from campaigners that its proposals were not mandatory.

  • Australian regulator to advise insurers on climate change response

    24 February 2020

    Australia's insurance regulator is preparing a guide on the best practices for insurers in understanding and preparing for climate change, which it hopes will also help address a "data deficit" on the topic.

  • Australia's insurers to face climate stress tests in 2020

    31 December 2019

    Australia's insurers are to undergo stress tests next year linked to the possible effects of climate change on assets they hold, reports say.

  • BoE widens climate risk stress test to banks

    18 December 2019

    The Bank of England (BoE) has outlined proposals to stress test banks and insurers on climate risk as part of its 2021 testing round.

  • EBA plans climate stress test

    11 December 2019