Bank of England begins climate enforcement with a velvet glove

Financial System - Guardian - Key Takeaway: *There will be those who will wonder – quite reasonably – why the Bank is merely saying it expects firms to act in ways that show they are taking climate change more seriously rather than forcing them to do so. But when the PRA says that firms are expected to act, what it really means is that they have no choice but to do so – and they have until October to do so. That’s entirely appropriate and not before time.*

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