BoE/FCA climate forum launches new initiatives at first meeting
Four streams will report back on key financial risks surrounding climate change
The jointly led Bank of England and Financial Conduct Authority Climate Financial Risk Forum (CFRF) held its first meeting on March 8. Members agreed to embark on four streams of research into the financial risks stemming from climate change.
The regulators said today (March 12) that working groups would focus on risk management, scenario analysis, disclosure and innovation. “The aim is to produce practical guidance on each of the four focus areas,” the BoE and FCA said in a statement.
The BoE
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