- Comment: Coronavirus (COVID-19) economic crisis sounds climate change alarm for lenders and their regulators
MLex: After the coronavirus (COVID-19) economic crisis subsides, there will be another, bigger crisis to face—the threat of climate change. Progress on green policies for the UK finance sector has been slow up until now, but the pandemic will provide regulators with the biggest call to arms for decisive action. But regulators will need to put their money where their mouth is. Up until now, green policies for UK lenders have centered on disclosure requirements. More will need to be done to ward off a climate change generated financial crisis of a similar magnitude to the one the world is currently experiencing.
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