Banks, insurers must have credible plans for climate change - BoE
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LONDON (Reuters) - Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday."Financial risks from climate change will be minimised if there is an orderly market transition to a low-carbon world, but the window for an orderly transition is finite and closing," the central bank said in a policy proposal document.Governor Mark Carney, who has put climate change..