Bank of England to ban coal-linked bonds as collateral from October

Regulation
โดย Oilprice.com·Read original
Summary · why it matters

The Bank of England will stop accepting bonds tied to thermal coal operations as collateral for key loan arrangements starting in October. The central bank quietly announced the policy in June, stating that thermal coal companies face potential financial risks from the economy's adjustment toward net zero. The move means commercial banks such as Barclays, Lloyds, NatWest, and HSBC can no longer use coal-linked bonds when borrowing from the Bank of England. The policy is stricter than that of the European Central Bank and signals to the market that coal assets are increasingly seen as too risky for the Bank's balance sheet.

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HSBC Holdings PLC
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Bank of England bans coal-linked bonds as collateral, affecting HSBC's ability to use such assets in central bank operations.

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