The climate crisis’ threat to banks

A recent Bank of England report showed financial businesses need to work harder to manage climate risks, but does government regulation have a role to play too?

Aeral view of London from the East

In May 2022, the Bank of England published the results of its first ever climate stress test, which sought to explore the financial risks posed by the climate crisis and transition to net zero for the largest UK banks and insurers and the broader financial system.

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