Michael Bloomberg, the former New York City mayor, is to head a new global taskforce aimed at highlighting the financial exposure of companies to the risk of climate change. Investors, insurers, banks and consumers will be provided with more information under plans for a voluntary industry-led code announced by the Financial Stability Board (FSB)…at the COP21 Paris climate change conference…Mark Carney, governor of the Bank of England and FSB chair, said…“Access to high-quality financial information will allow market participants and policymakers to understand and better manage those risks, which are likely to grow with time.”…Bloomberg…said…“It’s critical that industries and investors understand the risks posed by climate change, but currently there is too little transparency about those risks…[T]his taskforce will accelerate that activity by increasing transparency. And in doing so, it will help make markets more efficient, and economies more stable and resilient.” [Also refers to HSBC]