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The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
The European Central Bank’s (ECB) first major climate stress test shows banks facing a hit of 70 billion euros (US$71 billion) from increasing natural disasters and sweeping changes across industries. The figure totals credit and market losses in the worst scenario, which includes droughts, heat and floods, the ECB said yesterday. It cautioned that the result “significantly understates” actual risks related to global warming, partly because climate shocks were not accompanied by a broader economic downturns and limited to specific portfolios. The ECB also found that 60 percent of banks d...
The European Central Bank decided to shift its €344bn corporate debt portfolio from polluting oil and gas companies toward more sustainable businesses.
The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Europe Daily News, the latest policy and legal developments in the European Union