Banks, insurers and their lawyers face climate reckoning
The Prudential Regulation Authority is tightening expectations on how banks and insurers manage climate risk, which Laurence Besemer, CEO of the Forum of Insurance Lawyers, claims will reshape what they demand from their legal advisers.
The Prudential Regulation Authority has opened a consultation this summer setting out updated expectations for banks and insurers on climate risk.
The aim is to help financial institutions manage the
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