'Unprecedented risks': Bank of England will stress-test UK financial system for climate-related risks

clock • 2 min read

Bank of England governor March Carney says test should spur firms to "develop cutting-edge risk management" strategies to manage climate risk

Bank of England governor Mark Carney last night confirmed that the central bank will stress-test the UK financial system for climate resilience, in an unprecedented move which underscores the threat climate...

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