21 Deferred

We have heard differing evidence on whether there should be amendments to the capital regimes...

Recommendation
We have heard differing evidence on whether there should be amendments to the capital regimes to promote net zero. In light of its new remit letter, the Bank of England must now explain its thinking, as to what measures it might consider appropriate for the capital regime to better accommodate the climate risk associated with different investments. It should set out its views on the options for amending the capital regimes to reflect its new remit, taking into account the potential interaction with the other aims of prudential policy.
Government Response Summary
The government redirected the committee to the Bank of England's response for information on measures for the capital regime to accommodate climate risk.
Paragraph Reference
168
Government Response
Deferred
HM Government Deferred
Please refer to the Bank of England’s response for further information.
Addressee Bodies
HM Treasury
Timeline
Recommendation age 5.3 yrs
Report published 22 Apr 2021