Financial Services Financial Services

Capital incentives for banks to go green would be regulatory ‘backseat driving,’ BOE’s Breeden says

By Fiona Maxwell
  • 18 May 2021 10:28
  • 18 May 2021 10:28
Banks are unlikely to see their capital requirements eased to incentivize green-friendly lending and investments, the Bank of England’s climate lead said today, warning that such an initiative would constitute regulatory “backseat driving.”
The BOE is occasionally asked why a regulatory regime isn’t introduced to penalize dirty investments or incentivize

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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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