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Bank of England wants insurers to institute climate risk management

Posted On: Jun. 24, 2019 6:01 AM CST

The Bank of England is looking to implement climate risk management in the financial sector and urged banks and insurers to disclose their climate-related risks, Artemis.bm reports. The central bank plans to conduct a climate stress test for financial institutions in 2021 to "help mainstream climate risk management."

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