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