BoE Launches Climate Stress Test For Insurers, Banks

Law360, London (June 8, 2021, 3:40 PM BST) -- The Bank of England published a three-scenario model on Tuesday for its first stress test of large banks and insurers as it assesses risks posed by climate change in the finance sector's move away from carbon-emitting industries.

Companies taking part in the so-called climate biennial exploratory scenario exercise will measure the impact of a potential financial landscape on their balance sheets for the year that ended in December. The central bank said the exercise represents a proxy for the current business models of finance firms.

The exercise uses three scenarios: "early action," "late action" and "no additional action" to assess physical risks...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!