PRA consults on its expectations for the management of financial risks from climate change

15 October 2018 PRA consults on its expectations for the management of financial risks from climate change Today the PRA has published a consultation paper on a draft supervisory statement (SS) which sets out expectations regarding firms’ approaches to managing the financial risks from climate change. These centre on how managing the far-reaching and foreseeable risks from climate change requires a strategic approach which considers how actions today affect future financial risks. The supervisory statement is relevant to all UK insurers, banks, building societies and PRA-designated investment firms (“firms”). View consultation paper and press release