Sector Regulation Sector Regulation

Insurance capital could be used as incentive to manage climate risk, says BOE's Sweeney

By Fiona Maxwell
  • 09 Sep 2020 05:34
  • 09 Sep 2020 05:39
UK insurers could see their capital requirements directly linked to their management of climate-change risks, the Bank of England’s Anna Sweeney suggested today.
Prudential requirements could be used as an incentive to address climate-change risk for insurance companies and their supervisors, Sweeney said (see here) on an industry event today*.

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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 Risk.net, 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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