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The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine ...
The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be "part of the answer" to meeting a 1.7 billion ...
Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. ...
Only a small fraction of banks in Britain are planning properly to mitigate risks to their businesses from climate change, the Bank of England said on Wednesday, adding it would push lenders to take ...
The Bank of England will not "go soft" on enforcing European Union capital rules for insurers, although it will look at ways to make it easier for new entrants to boost competition in the industry, ...
Banks based in Britain may start to relocate activities to other countries about one-and-a-half years before a British departure from the European Union if a "hard Brexit" looks likely, Bank of ...
While the overall impact of climate change on the insurance industry is difficult to quantify, the multilayered effects of regulation, reputation and litigation will be "considerable" over the long ...
Bank of England Governor Mark Carney said UK insurers face potentially "huge" exposure to shifts in climate-change policy and Group of 20 nations need to do more to combat associated financial ...
The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union ...
The Bank of England said on Friday that it would apply new European Union insurance regulations "proportionately," following industry fears that the central bank might seek to add extra rules for ...
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