PRA consults on climate change supervisory statement

PRA is consulting on a draft supervisory statement setting out how it expects banks and insurers to manage the financial risks from climate change. The statement sets out how effective governance, risk management, scenario analysis and disclosures can be used to address the risks and is intended to build on previous statements and embed appropriate risk management into firms’ existing procedures.

PRA seeks comments by 15 January 2019.


Roseyna Jahangir