‘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…

You must have a SUBSCRIPTION or FREE TRIAL to view this PAID content.

Already got a Subscription or Free Trial?

Login here.

Not got a Subscription or Free Trial?

Sign up for a Free Trial here to access this PAID content.

One Free Trial per user; if your Free Trial has expired, please email subs@responsible-investor.com.

Copyright © 2020 RGM.