FCA sets out stance on climate change

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The UK’s Financial Conduct Authority is mulling whether to introduce a new requirement for financial services that would see firms publicly report on how they manage climate risk.

The measure was announced in a new discussion paper, published on October 15, which seeks to help the regulator understand whether a “greater” regulatory approach may be needed.

“The FCA can play a key role in providing more structure and protection to consumers for green finance products and ensuring that the market

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