Climate stress tests not a 'capital generation exercise': BoE's Claus
The Bank of England’s forthcoming climate stress tests of the UK financial services sector have been designed to provide a view of “the size of the adjustment that is needed”, regulators told an industry summit on Thursday.
The groundwork for the stress tests was laid in 2019, when the Bank of England published a discussion paper on its biennial exploratory scenario for 2021.
The exercise will see participating firms
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