‘Vast majority’ of banks taking ‘uninformed decisions’ on climate risk, warns ECB, as study highlights disregard for topic in capital buffers
‘Banks are encouraged to quickly adopt a forward-looking, comprehensive and strategic approach to managing these risks,’ says EU supervisor
Close to a third of surveyed European banks have not considered whether their capital is vulnerable to financial losses resulting from climate change.
A new report from the European Central Bank (ECB) shows that most regulated banks do not consider climate-related risks when setti…
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