ECB to integrate climate risks into supervision

European Central Bank

The European Central Bank intends to progressively integrate risks derived from climate change into banking supervision.

As a first step, the institution launched today (May 20) a public consultation on the guidelines it intends to implement to make sure banks adequately manage climate risks. This consultation period will remain open until September 25, 2020.

Operating within its mandate, the ECB wants financial institutions “to account for these risks given that they drive existing prudential

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