Climate risk stress test is underestimated in Europe
The final results of this year thematic stress test of the ECB on climate-related risks are giving first big picture on the state of development among biggest European banks. Valuable lessons have been gathered through this exercise and a lot more has to be learnt on how to simulate and project climate risks in an integrated long term perspective. What do need banks to do from now on?
EU Taxonomy Disclosures - A Practical Analysis
Information regarding EU Taxonomy has to be disclosed from 2022. How financial institutions have managed to comply with regulatory expectations? An analysis of a sample of European banks gives first indications. Read more…
Banks as political actors
The politics has clear demands on banks to play a crucial role in achieving the EU Green Deal objectives of climate neutrality by 2040. They are expected to provide the financial resources to the real economy in compliance with the Paris Agreement. A summary of the Vienna Banking Summit 2021…