General
APRA guides banks, insurers and super funds to consider climate change risks
As business risks go, they don’t come much bigger than climate change.
This week, the banking regulator APRA issued draft guidance to the finance sector, warning of the “unprecedented” and “far-reaching” impact of climate risks to all parts of the financial system.
So pressure is now building on the big end of town to clearly identify the threats it faces from global warming, and what boardrooms intend to do about it.
APRA’s Chair Wayne Byres told PM he wants to ensure Australia’s big financial institutions are taking the risks seriously.
Reuters: Jason Reed
)“From our perspective the biggest risk for financial…
-
Business18 hours agoBroker names 2 small cap ASX shares to buy for big returns
-
Noosa News23 hours agoQueenslanders not out of the woods as more storms, heatwave conditions to continue after horror three days
-
Noosa News17 hours agoMin Woo Lee, Adam Scott and Cameron Smith in the mix after Australian PGA opening round in Brisbane
-
Business17 hours agoThese top ASX 200 stocks could rise 25% to 60%