- Bank of England launches climate stress test for banks and insurers
Market news
8 June 2021
Bank of England launches climate stress test for banks and insurers
Reuters reports that the Bank of England set out its first stress test to check the financial system's ability to cope with climate change, saying the results will not be used to determine capital requirements.
The test will scrutinise the resilience of Britain's biggest banks and insurers to stresses from shifting to a net zero-carbon economy over coming decades.
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