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PRA consults on managing climate-related risks

Photo: Getty Images

Jean Hurley

2 min read
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The PRA provides further clarity around what it expects firms to do when managing the effects of climate change risk.

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

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