In the first such move by a central bank worldwide, the Bank of England (BoE) has stepped up its calls for financial institutions to take action on climate change with the release of a set of proposed supervisory rules.
A new Prudential Regulatory Authority (PRA) report examines how climate change poses financial risks to banks and how they are responding.
Following the publication of the final PRA110 template and reporting instructions in the PRA has received a number of questions. The responses to these have now been published in a Q&A clarifying the reporting rules.
The UK’s Prudential Regulation Authority (PRA) has set out proposals for minor regulatory reporting amendments. This consultation is relevant to banks, building societies, PRA-designated investment firms, and dormant account fund operators. The proposals would result in changes to the Glossary, Regulatory Reporting, Reporting Pillar 2, and Close Links Parts of the PRA Rulebook. The authority […]