The UK’s Prudential Regulation Authority (PRA) has issued a consultation paper (CP10/25) outlining proposed updates to its supervisory expectations for banks and insurers regarding the management of financial risks stemming from climate change. This follows requests from firms to the PRA to give further clarity around what it expects them
PRA consults on managing climate-related risks
2 min read
The PRA provides further clarity around what it expects firms to do when managing the effects of climate change risk.