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Regulator Examines How Flood Risk Relates to the Mortgage Market in England
The regulator said lenders and insurers need better climate risk modelling as flooding may threaten borrowers and mortgage portfolios.
Summary by The Independent
6 Articles
6 Articles
Evening Standard+3 Reposted by 3 other sources
Regulator examines how flood risk relates to the mortgage market in England
The Financial Conduct Authority says understanding geographical patterns could help identify where climate-related risks may have the greatest effect.
·London, United Kingdom
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One in 7 mortgages are on homes in flood-risk areas: FCA
Around one in seven mortgages in England are on homes in postcodes with some degree of flood risk, according to new analysis from the Financial Conduct Authority. The regulator puts the figure at almost 16%, with exposure varying significantly by region and type of flooding.…
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Total News Sources6
Leaning Left2Leaning Right0Center2Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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