Bank of England calls on banks and insurers to step up climate risk oversight

James Murray
clock • 5 min read

Prudential Regulation Authority recommends that boards task a senior executive with managing climate risks

The Bank of England (BoE) will today step up calls for financial institutions to better manage climate risks, with the release of formal recommendations detailing how banks and insurers should identify...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Aberdeen partners with Future Group to invest in global sustainable infrastructure

Aberdeen partners with Future Group to invest in global sustainable infrastructure

Deal aims to ramp up investment in decarbonisation, sustainable housing, and cleaner transport networks

Jack Roach, Investment Week
clock 29 June 2026 • 1 min read
Defra ringfences £47m to boost peatland protections

Defra ringfences £47m to boost peatland protections

Fresh funding aims to restore peatlands that can reduce carbon emissions, support nature recovery, and boost rural the economy

Stuart Stone
clock 29 June 2026 • 4 min read
 Report: Green business M&A activity hits $4.1tr since 2015

Report: Green business M&A activity hits $4.1tr since 2015

New analysis from London Stock Exchange Group shows green deals are on the rise globally, but activity is concentrated among those businesses with existing low carbon holdings

clock 23 June 2026 • 2 min read