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

Standard Chartered issues inaugural €1bn green bond

Standard Chartered issues inaugural €1bn green bond

€1bn issuance to help finance wide range of low carbon projects, including renewable energy, green building, and circular economy solutions

clock 08 January 2026 • 3 min read
UK investment consultant coalition launches climate investing framework

UK investment consultant coalition launches climate investing framework

Framework aims to assist investors in decision making to support real-world change, according to Investment Consultants Sustainability Working Group (ICSWG)

Martin Richmond
clock 08 January 2026 • 2 min read
Study: Almost half of sustainability execs cite upfront costs as 'main barrier' to decarbonisation

Study: Almost half of sustainability execs cite upfront costs as 'main barrier' to decarbonisation

Close to three quarters of senior sustainability managers struggled to access decarbonisation funding in the past year, study claims, but corporate support for climate goals remains robust

Stuart Stone
clock 07 January 2026 • 4 min read