News Snapshot:
China will publish the results of climate-related stress testing of its financial sector at an undefined point in the future, said central bank chief Yi Gang at a financial conference on Friday. The country has been conducting the review alongside an unprecedented testing of all its 4,024 banks this year. The wider testing is designed to gauge the readiness of lenders to deal with future shocks, amid growing worries over rising debt levels in China and the economic effects of the coronavirus pandemic, while the more specific climate-related tests seek to address concerns over climate change. Do you have questions...
