"The Bank will continue to explore how climate risks can be calibrated within the timelines embedded in existing capital frameworks." (Reporting by Huw Jones; editing by Jason Neely)
Messaging: huw.jones.thomsonreuters.com@reuters.net)) LONDON, March 13 (Reuters) - The Bank of England said on
Monday it was too soon to say if new capital rules were needed
for banks to deal with fallout from climate change, but it would
study the issue further.
"Existing capability and regime gaps create uncertainty over
whether banks and insurers are sufficiently capitalised for
future climate-related losses," the BoE said in a statement.
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