Dutch regulator warns banks and insurers to factor in climate change
Desdemona Despair
By Alessandro Speciale and Eric Roston
5 October 2017(Bloomberg) – Banks, insurers, and other financial institutions must do more to take into account the risks posed by climate change to their business, a Dutch Central Bank study said.
As global warming increases the risk of extreme weather events, regulators are giving more attention to its economic and market implications, with estimates showing that a single high-impact storm could cause damages of as much as €60 billion ($71 billion), according to the report published on Thursday. The Netherlands, which is largely below sea level, runs an inordinate risk of being affected by such events.
“Dutch insurers will have to deal with an increasing claims-burden as a result of climate-related damage,” the central bank said in the report. “This in turn may lead to shock-induced price rises in premiums. Furthermore, climate change is making it more difficult to estimate the likelihood of extreme weather.”
Bank of England Governor Mark Carney, chairman of the G20’s Financial Stability Board, is spearheading an initiative to standardize financial-sector guidelines on how to disclose risks arising from climate change. Carney in late 2015 appointed former New York City Mayor Michael Bloomberg to lead the task force on climate-related financial disclosures, which issued its final recommendations in June. (Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)
Historical data used to assess Northern Europe’s future climate may become less effective as climate change accelerates, in turn rendering inaccurate current insurer pricing policies. In some extreme cases, insurance companies may be offering policies on things that, given the effects of climate change, should no longer be insured. [more]
Dutch Regulator Warns Banks and Insurers to Factor in Climate Change
Source: http://www.desdemonadespair.net/2017/10/dutch-regulator-warns-banks-and.html
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Whistler Blowers, Insiders
GLO-BA’AL Warming…..$PRAYED into the atmosphere by the $CUM at the top.
RAT$childs GLO-BA’AL WARming models IGNORE what is being PROACTIVELY DUMPED above our heads.
You couldn’t make this $h*t up.
A MUST SEE! This video is blocked in almost every country What is Going On 2017 2018
https://www.youtube.com/watch?v=aMgTK4IB9SE&t=48s
@ 30:36 in the video above…..
The lady speaking explains that… NA$A & Co-CON-$piritors ….ARE…..sending up CANNISTERS of CHEMICALS into “space”.
The means of transport is the shuttle and/or ROCKETS.
The cannisters are apparently released at different levels in the atmosphere and HEATED until THEY EXPLODE.
ONE of the CHEMICALS released into the atmosphere at high level is ….
SULPHUR HEXafluoride.
SULPHUR HEXafluoride ….IS……A……GREENHOUSE…..GAS …..and …..EXACERBATES WARming of the ATMOSPHERE.
Sulfur HEXafluoride
Sulfur hexafluoride (SF6) is an inorganic, colorless, odorless, non-flammable, EXTREMELY POTENT GREENHOUSE GAS, which is AN EXCELLENT ELECTRICAL INSULATOR.
https://en.wikipedia.org/wiki/Sulfur_hexafluoride
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Dutch regulator….HA HA HA….it is a bit late for “regulator$” the European ….”Jooi$h” banks are ALL BANKRUPT.
When the THIEVING $CUM make the statement…..”factor in climate change”…..it is a “heads-up” that THEY intend to….UNLAWFULLY…..FLEECE …..ManKIND.
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GERMAN BANKS count cost of GLOBAL SHIPPING CRISIS
LONDON/FRANKFURT (Reuters) – German banks are struggling to recoup TENS of BILLIONS of DOLLARS of LOANS as a global SHIPPING INDUSTRY …SLUMP… hits them hard.
The LENDERS – among the biggest BACKERS of SHIPOWNERS over the past 20 years – are behind up to a quarter of the …WORLD’S $400 BILLION of…OUTSTANDING…SHIPPING LOANS, three shipping financiers told Reuters.
This would make them collectively MORE EXPOSED than BANKS from ANY other SINGLE COUNTRY in terms of OUTSTANDING…DEBT… to the sector.
“German banks account for close to $100 BILLION of $HIPPING DEBT out of A WORLD TOTAL of around $400 BILLION,” said Dagfinn Lunde, who spent more than a decade as head of shipping at Germany’s DVB Bank until the end of 2013.
http://uk.reuters.com/article/uk-shipping-banks/german-banks-count-cost-of-global-shipping-crisis-idUKKCN11L2HV