Wildlife to feature on next series of Bank of England banknotes

Public asked to help select UK wildlife to appear on new banknote series

Green notice 2026/01

Michael Theurer: The environment and the banking sector - a new set of challenges from climate change and loss of biodiversity

The desk believes that the ongoing challenges posed by climate change and biodiversity loss will increasingly impact the banking sector, as highlighted by Michael Theurer's recent speech at the Deutsche Bundesbank conference. Per the full note [source], Theurer emphasized the need for financial institutions to adapt their risk management frameworks to account for these environmental risks. This aligns with our view that regulatory pressures will likely intensify, prompting banks to reassess their asset valuations and lending practices in the face of climate-related financial risks. As the market digests these insights, we anticipate a shift in investor sentiment towards more sustainable financial products and practices.

Banknote imagery advisory group minutes - October 2025