LONDON, July 1 (Reuters) - Banks and insurers in Britain
must "fully embed" their approach to dealing with risks from
climate change in their business by the end of 2021, Bank of
England Deputy Governor Sam Woods said on Wednesday.
"There are some areas of our expectations where few barriers
exist to full implementation, but we recognise that challenges
remain in others," Woods said in a letter to heads of banks and
insurers.
"Where challenges exist we will work closely with firms to
understand how they are seeking to overcome them."
(Reporting by Huw Jones
Editing by Gareth Jones)