The 2021 biennial exploratory scenario on the financial risks from climate change Discussion Paper
The 2021 biennial exploratory scenario on the financial risks from climate change Discussion Paper
- London Bank of England 2019
The Bank of England will use its 2021 biennial exploratory scenario (BES) to explore the financial risks posed by climate change. The exercise will test the resilience of the current business models of the largest banks, insurers and the financial system to climate related risks and therefore the scale of adjustment that will need to be undertaken in coming decades for the system to remain resilient. Seeking stakeholders to participate in exercise. Consultation closes 18 March 2020.
Climate change
Banks
Financial institutions
Valuetheplanet
United Kingdom 1973
The Bank of England will use its 2021 biennial exploratory scenario (BES) to explore the financial risks posed by climate change. The exercise will test the resilience of the current business models of the largest banks, insurers and the financial system to climate related risks and therefore the scale of adjustment that will need to be undertaken in coming decades for the system to remain resilient. Seeking stakeholders to participate in exercise. Consultation closes 18 March 2020.
Climate change
Banks
Financial institutions
Valuetheplanet
United Kingdom 1973