Sector Regulation Sector Regulation

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 clean ones from

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