Australian banks go it alone on climate
APRA has taken the backseat on the financial risks posed by climate change in new guidance issued to Australian banks.
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APRA has taken the backseat on the financial risks posed by climate change in new guidance issued to Australian banks.
Australia's banking regulator released on Friday its final guidance for banks, insurers and pension funds to manage financial risks associated with climate change, stopping short of imposing new rules.
AUSTRALIA-CLIMATE/REGULATOR (UPDATE 2):UPDATE 2-Australia's banking regulator finalises climate change policy guidance
The prudential regulator has released the final guidance on managing the financial risks of climate change, having made minor amendments following industry consultation.
The regulator has released its climate risk guide for banks, insurers and super funds. The Australian Prudential Regulation Authority (APRA) has released its final guidance on climate change financi