Climate, News, Regulation & Supervision

ECB: Europe's banks 'failing to consider climate risk'

By Thomas Helm
Image: Getty Images

Most European banks are “insufficiently considering” climate-related risk in their credit assessments, according to a member of the European Central Bank’s executive board.

Current economic models may underestimate the financial impact of climate change, says Isabel Schnabel, one of six members on the ECB’s board. Typically “calibrated ...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.

Read Next:

Climate, Editor's letter, Risk Management
August 1, 2023

Exclusive: Central banks develop nature risk scenarios

Welcome to the Banking Risk & Regulation newsletter.  This week we bring you an exclusive story about central banks uniting to tackle a growing problem: nature risk. More than half...
Read more