U.K. Insurers to Weigh Stock Market Disorder Caused by Climate

Aug. 2, 2019, 2:15 PM

The Bank of England for the first time is asking British insurers to gauge how global warming might impact the value of the stocks and bonds they hold -- and its potential to upend financial markets.

The central bank, which regulates the U.K. financial services industry, included three scenarios related to climate change in a broader stress test of how robust the industry would be in times of strain. It’s asking for answers by Oct. 31.

The exercise, which started in June, is part of a broader effort by BOE Governor Mark Carney to focus the attention of investors both ...

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