ECB threatens bank climate change laggards with financial penalties
The European Central Bank on Tuesday threatened to impose financial penalties on banks who are slow to minimise climate change-related risks stemming from their activities.The ECB set a deadline of next year having determined there were major gaps in how the banks were assessing their impact on climate change and banks now face a financial penalty which theoretically could be as much as five percent of daily banking income.
Bruxelles Capitale Frank Elderson European Central Bank On European Central Bank Climate Change Frank Elderson
Source: yahoo.com