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The ECB is currently conducting a policy review covering all aspects of monetary policy and climate change risks are being included in that report. The bank s current mandate is just to ensure price stability in the 19-member area that is the euro zone. The monetary policy space that is available will also be determined partly, not exclusively, but partly on climate change, Lagarde, an advocate of more sustainable practices, said.
In addition, the supervisory arm of the central bank is also examining whether lenders in the region are managing their climate-related risks. Although corporate asset purchases represent only a very small part of the overall portfolio of our monetary policy instruments, it is a part that is significant and where we have to ask ourselves: are we pricing risks properly, are we applying the right haircuts as a result, are we looking at disclosures that will be coming about soon, are we assessing the transition path and the financing needs that there wil
FRANKFURT (Reuters) - European Central Bank President Christine Lagarde said on Wednesday she expected 70% of the euro zone's population to have recei.