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Bank of England to probe banks’ exposure to climate change

FT 16th June 2017, The Bank of England will probe banks’ exposure to climate change as it
steps up efforts to tackle what it says are “significant” financial threats
posed by global warming. Climate change experts said the BoE’s decision to
do an internal review of the banking sector, which the central bank
revealed on its website on Friday, marked a first. “This is
ground-breaking,” said Ben Caldecott, director of the sustainable finance
programme at Oxford University’s Smith School of Enterprise and the
Environment. “This is the first time a financial regulator has looked at
climate risk in such a comprehensive way and at the banking sector in
particular.”   https://www.ft.com/content/ec4d3446-52a1-11e7-a1f2-db19572361bb

June 21, 2017 - Posted by Christina Macpherson | business and costs, climate change, UK