10 January 2019
In a lightly publicised move, all UK regulators (PRA, FCA, TPR, FRC) are listed by DEFRA in their list of organisations reporting on climate change. This is a significant increase from the previous reporting round when only the PRA reported.
In practice, this means all these regulators will have to report on what the various entities they supervise are doing on climate change, which could drive significant activity on the topic across financial services on the topic. And presumably for actuaries, this means the FRC will need to report on what the profession is doing on this topic.