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Economics

Riksbank May Change Collateral Rules to Address Climate Risks

  • Deputy governor says review is underway on market operations
  • Central banks stepping away from assets linked to polluters

Sweden’s Riksbank could consider adjusting rules for collateral it accepts in market transactions as the world’s oldest central bank reviews how it should address challenges posed by climate change.

The review, part of an effort by central banks around the world to adjust monetary policy to challenges posed by global warming, comes as the immediate impact of climate change is becoming apparent, said Anna Breman, deputy governor of the Swedish central bank.