Page 4 - Frank Elderson News Today

The warning came on the fringes of the Cop28 meeting that’s ongoing in Dubai

Researchers at the European Central Bank revealed that commercial banks in the eurozone, touting themselves as 'green,' issue more loans to major polluters than average banks.

The Euro (EUR) remains under selling pressure against the US Dollar (USD), motivating EUR/USD to revisit the mid-1.0800s at the beginning of a new trading week.

The fines by the ECB would be compounded every day and can be equivalent to 5 per cent of their daily average revenue, , european central bank, european union

Regulator has repeatedly warned that lenders aren’t doing enough to prepare for the fallout of extreme weather shocks

At a September legal conference convened by the European Central Bank (ECB), Frank Elderson, a member of the ECB’s executive board and vice-chair of its supervisory board, observed the...

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.

At a September legal conference convened by the European Central Bank (ECB), Frank Elderson, a member of the ECB’s executive board and vice-chair of…

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.

OPINION: September saw the Taskforce on Nature-related Financial Disclosure (TNFD) launch its final recommendations for nature-related risk management and...