A warming planet and banks’ definition of risk
It seems likely that banks will face new capital requirements to reflect how exposed their loan books are to climate change
27 May 2021 - 15:05
Stockholm — It’s increasingly likely that banks will face new capital requirements to reflect how exposed their loan books are to climate change.
“That is the logical next step,” Janine Dow, a senior director for sustainable finance at Fitch Ratings, said. “Because once you size a problem, then you identify the risk. And as a regulator, you can’t just leave an emerging risk exposed.”..
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