Delayed climate change responses to pose financial risks for banks and insurers: BOK, FSS ()

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TheKoreaTimes Breaking News
· 7 hours from now
Delayed climate change responses to pose financial risks for banks and insurers: BOK, FSS

Financial institutions are expected to incur short-term losses from more stringent climate response policies, strained by slumping asset values in the traditional carbon-intensive industries, the central bank and the financial watchdog said Tuesday.

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