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

Toby Hill
clock 21 June 2019 •
Mark Carney is worried the UK's financial system is unprepared for the threat posed by climate change
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Mark Carney is worried the UK's financial system is unprepared for the threat posed by climate change

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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