Climate risks narrowly concentrated among EU banks, report finds

ECB 2017

Just 25 European Union banks have most of the financial exposures to firms with high or growing climate physical risk, according to a new report.  

The joint report was published today (July 1) by the European Central Bank and the European Systemic Risk Board. It aims to address two main vulnerabilities in data to better assess the impact climate change can have on the EU’s financial system.

Christine Lagarde, the ECB president and ESRB chair, said the report’s findings “underline the crucial

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