Bank Of England: It’s The Risk Management, Stupid! − Speech By Anil Kashyap, Member Of The Financial Policy Committee, Given At UK Finance, London

Anil Kashyap talks about our work to make sure UK banks and insurers understand the risks they face from climate change. This is one of the ways we are working to keep the UK’s financial system stable.

He highlights how these firms need to improve the way they report climate risks. And he sets out the questions that management boards need to ask to keep firms on the right track.   

Firms must address these challenges now. Not doing so will cause serious problems for the financial system in the future, he warns.

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