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UK banks, insurers to see updated regulatory expectations on climate adaptation

( January 30, 2025, 11:19 GMT | Official Statement) -- MLex Summary: UK banks and insurers will this year see an update to the expectations of the Prudential Regulation Authority with respect to adaptation to climate risks. In a report today, the PRA said that banks and insurers have taken positive steps towards climate adaptation although the levels of embedding vary and further progress is needed by all firms.Report is attached....

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