PRA breaks new ground on climate risk supervision


The Bank of England says it has become the first regulator worldwide to set supervisory expectations for financial firms in dealing with climate change.

As well as setting out a series of actions banks and insurers should take to mitigate climate change risks, the supervisory statement includes a requirement for firms to nominate a senior official, or several, to be held accountable for the governance of climate change risks.

The Prudential Regulation Authority says it “expects a firm’s board

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: