( April 30, 2025, 09:11 GMT | Official Statement) -- MLex Summary: UK banks and insurers are set to see updated expectations from the Prudential Regulation Authority on how to manage climate-related risks. The PRA, the regulatory arm of the Bank of England, opened a consultation today to update its previous guidance, released in 2019. The proposals, under consultation until July 30, consist of supervisory expectations for effective risk management practices, rather than rules for banks and insurers to follow.Consultation is attached....
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