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AAP

Environment

Tracey Ferrier

Big five banks scope out climate losses

Climate Change Australia APRA

Climate change induced lending losses expected by Australia's big banks. (Joel Carrett/AAP PHOTOS) (AAP)

Australia's banking sector will be more susceptible to big economic shocks as a result of lending losses from climate change, a new analysis suggests.

The banking watchdog has been working with the banks to assess how climate risks will affect the nation's financial institutions.

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