Submission to the PRA Consultation CP10/25 — Enhancing banks’ and insurers’ approaches to managing climate-related risks — Update to SS3/19
Smolenska, A.
, Taeger, M., Goumet, L., Almeida, E., Miller, H. & Poensgen, I.
(2025).
Submission to the PRA Consultation CP10/25 — Enhancing banks’ and insurers’ approaches to managing climate-related risks — Update to SS3/19.
London School of Economics and Political Science. Centre for Economic Transition Expertise.
, Taeger, M., Goumet, L., Almeida, E., Miller, H. & Poensgen, I.
(2025).
Submission to the PRA Consultation CP10/25 — Enhancing banks’ and insurers’ approaches to managing climate-related risks — Update to SS3/19.
London School of Economics and Political Science. Centre for Economic Transition Expertise.
This report consists of a submission by CETEx made in response to the open consultation by the Bank of England CP10/25 — Enhancing banks’ and insurers’ approaches to managing climate-related risks — Update to SS3/19. The consultation paper sets out the Prudential Regulatory Authority’s (PRA) proposals on updated supervisory expectations for banks and insurers. The proposals would help banks and insurers manage the effects of climate change on their businesses, and thereby maintain the essential services they provide to the economy. This consultation response offers several avenues to refine the proposed PRA approach, drawing on research across the LSE’s Grantham Research Institute on Climate Change and the Environment.
