On 18 December 2019, the PRA and FCA published an update concerning their joint Climate Financial Risk Forum (CFRF) meeting in November.

The update makes the following points:

  • the meeting discussed the form of the outputs and the timeline for publishing them, as well as how to get wider industry input on draft guidance and recommendations in early 2020;
  • there would be an industry engagement event in January and the CFRF will aim to publish the final version of these outputs in Spring 2020. Beyond publication, the CFRF will continue to develop thinking in these areas; and
  • the next CFRF meeting will take place in Q1 2020 and will focus on finalising the outputs for publication and determining the CFRF’s next steps.