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Bank of England warns insurers of capital ‘uncertainty’ over climate risks

2023-03-15T12:42:00

bank of england

The regulator warned the ’uncertainty represents a risk appetite challenge for micro and macroprudential regulators’

The Bank of England (BoE) has warned there is “uncertainty” around whether insurers and banks are adequality capitalised against the threat of climate risks.

The central bank set out its latest thinking on climate related risks and regulatory capital frameworks in a report published this week (13 March 2023).

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