UK government could give BoE ‘green’ asset holding remit – official

Andrew Hauser
Andrew Hauser
Photo: Bank of England/Flickr

A senior Bank of England official has said its policy on asset holding and buying might be changed by the UK government to take account of climate change-related risk.

The BoE’s executive director for markets, Andrew Hauser, also warned that the financial industry is not doing enough to enable markets to take account of climate-change related risk.  

Hauser said he anticipates that the UK government could possibly change its remit for asset purchases and holdings, so that it would take climate

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