Banking and insurance heavyweights to work with Canada’s central bank on climate scenarios

Announcement makes country a leader for climate-related supervision under Bank of Canada’s new Governor, Tiff Macklem

Tiff Macklem, Governor of the Bank of Canada
Tiff Macklem, Governor of the Bank of Canada

Canada’s largest banks and insurer - Royal Bank of Canada, TD Bank and Manulife - will take part in a pilot project by the country’s central bank on identifying climate risk in the financial sector.

In the latest sign that Bank of Canada (BOC) is stepping up on climate risk under …

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