Eurozone banks' climate risk-management progress is seriously lacking, ECB official warns
By Fiona Maxwell ( November 9, 2022, 16:06 GMT | Insight) -- Eurozone banks have significant further progress to make on embedding climate-related risks into their risk management frameworks and improving their disclosures, a senior ECB official said today. Patrick Amis said the supervisor would use its full range of regulatory tools if improvements are not made.When it comes to how banks incorporate climate threats into their risk-management framework the glass is “not even half full,” a senior European Central Bank official said today, with some lenders having shown only “dire” progress in their disclosures....
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