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Bank, insurance capital should respond to climate risks, not incentivize green lending, BOE says

Financial capital requirements are relevant in the move to a net-zero economy but only to deal with the consequences of climate change, the Bank of England said today, as the debate over whether lenders should get lower prudential rules for green lending continues.

The Prudential Regulation Authority said in today’s climate

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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