Category: Hedge funds

The Bank of England wants to consider climate change in its bond purchasing decisions, according to a speech by the central bank’s Executive Director of Markets, Andrew Hauser. “Most of our asset holdings consist of UK government securities. But 2% of the Bank’s Asset Purchase Facility consists of sterling corporate bonds, acquired as part of the MPC’s [Monetary Policy Committee’s] quantitative easing programme,” he told the Investment Association last week. “The framework for the MPC’s asset purchases is determined by the Committee’s remit given to it by the Chancellor. But, subject to the Government indicating a willingness to update this remit, we will over the coming year be considering how to incorporate climate factors into decisions on the mix of financial assets, whilst still achieving our policy aims. We will have much to learn from the range of approaches already adopted in the private sector.”  The full speech, from hot air t…