TheGuardian

SEPTEMBER 23, 2023

Sam Woods, head of the Bank’s financial stability watchdog, says lenders have only shown they can survive ‘slow burn’ changes to temperatures • Sam Woods interview: ‘It’s the most intense period since the financial crisis’ The climate crisis has pushed the Bank of England to consider stringent new tests for lenders to see how they would cope in an “extreme” catastrophe that plunges “Westminster under water” and sparks a rapid change in government policies.

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Policies Regulation 111

TheGuardian

SEPTEMBER 23, 2023

In an exclusive interview, the head of the Prudential Regulatory Authority talks about Credit Suisse, the gilt market meltdown – and stress-testing banks for the climate crisis • ‘Terrible climate events happen all the time’ Sam Woods’s 20th wedding anniversary was more eventful than he’d expected. The boss of the Bank of England’s Prudential Regulation Authority (PRA) had headed to Devon for a celebratory weekend with his wife.

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Regulation US Operations Marketing 95