Climate Change

The Bank of England will probe banks’ exposure to climate change as it steps up efforts to tackle what it says are “significant” financial threats posed by global warming. Climate change experts said the BoE’s decision to do an internal review of the banking sector, which the central bank revealed on its website on Friday, marked a first. “This is ground-breaking,” said Ben Caldecott, director of the sustainable finance programme at Oxford University’s Smith School of Enterprise and the Environment. “This is the first time a financial regulator has looked at climate risk in such a comprehensive way and at the banking sector in particular.”

FT 16th June 2017 read more »

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Published: 19 June 2017