BoE outlines climate stress tests

Climate-change_Getty

The Bank of England published its climate stress-test scenarios today (June 8), outlining a novel exercise designed to assess how big financial firms will cope with the transition to net zero.

The ‘Climate Biennial Exploratory Scenario’ (CBES) is based around scenarios developed by the Network for Greening the Financial System, reflecting “early, late and no action” on climate change. As the BoE has previously stated, the test will be not be used to set capital requirements.

The test will

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: