Bank of England to include climate risks in stress tests

Bank of England (BoE) Governor Mark Carney has suggested that an assessment of the level of climate risk in finance could be brought forward next year, and added to the stress tests for banks.

Speaking to the Financial Times, Carney, who has been a long-time advocate of including climate risks, denied that such a move would be exceeding his remit.

Coming just after the end of the COP24 summit, the news is both topical and perhaps, In the same way as COP24, and little weak in that the Bank of England is only suggesting that climate change will not be a pass nor fail factor.

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