Assessing the Bank of England’s climate risk collateral reforms for their greening potential

Claeys, I., Suresh Kumar, R. S. & Barmes, D. (6 November 2024) Assessing the Bank of England’s climate risk collateral reforms for their greening potential. News and commentaries.
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By updating its collateral framework to reflect climate risks, the Bank of England not only protects its balance sheet but also encourages greener mortgage lending by commercial banks – but there is room to go further and complementary Government policy is needed to ensure equitable outcomes, write Irene Claeys, Ram Suresh Kumar and David Barmes.

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