20 October 2022
The Bank of England and Prudential Regulation Authority (PRA) hosted a conference to explore climate change and capital. The objective of the conference was to facilitate discussion on the complex issues associated with adjusting the capital framework to take account of climate-related financial risks.
The conference met the commitment the PRA set out in its Climate Change Adaptation Report 2021 and will support its aim of providing more guidance on its approach to climate and capital in due course.
Oxford Sustainable Finance Group’s Moritz Baer and Matteo Gasparini were part of a panel on understanding uncertainty in climate-related financial risks and its implication for capital.