Kenya's Finance Minister Ukur Yatani and former Bank of England Governor Mark Carney attend the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021. REUTERS/Yves Herman/File PhotoSept 21 (Reuters) - Major Wall Street banks have threatened to leave United Nations climate envoy Mark Carney's financial alliance over legal risks, the Financial Times reported on Wednesday, citing several people involved in internal talks. Some members of the alliance have recently said that they "feel blindsided by tougher UN climate criteria and are worried about the legal risks of participation", the report said. The banks' legal departments are particularly anxious about U.S. Securities and Exchange Commission (SEC) rules around climate-risk disclosures, the report added. The SEC will soon require formal disclosures in annual reports about governance, risk-management and strategy with respect to climate change.

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