No European Bank Meets The ECB’s Expectations On Climate Risk Reporting
Fernando Rodríguez | “Although there have been improvements since the first assessment at the end of 2020, no bank fully meets supervisory expectations” on environmental and climate risk reporting, according to the latest report of the European Central Bank (ECB) with data analyzed as of November 2021 on 109 entities under direct supervision. Although more than 70% of banks provide information on how their boards of directors monitor these risks…