The rising threat of climate risks to UK banking
Publish Date: 3/13/2021
News Source: The Banker
The trend of climate-induced extreme events is only set to continue in the years to come and it’s likely to cause enormous financial ramifications for the banking sector… McKinsey surveyed 46 banks across the EU, paying close attention to the composition of their portfolios. The study found that more than 15% of bank balance sheets were at risk…
