ESG Today: EU bank regulator recommends integrating ESG risk in capital requirement framework, and more...
ESG Today: EU bank regulator recommends integrating ESG risk in capital requirement framework, and more...
EU banking supervisor the European Banking Authority (EBA) announced the publication of a new report assessing the role of environmental and social risks in its prudential supervision framework for banks and investment firms, including recommendations for the acceleration of these risks across the Pillar 1 framework, which defines banks’ minimum capital requirements.
According to the EBA, the new report comes as environmental and social risks are expected to become more prominent over time, changing the risk profile for the banking sector, across financial categories such as credit and market risk, as well as operational risks, and potentially affecting individual institutions as well as the overall financial system’s stability.
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Also in today's news (links at bottom):
EU Council Agrees on Rules to Reduce Emissions from Heavy Duty Trucks by 90% by 2040
Inditex Signs Low Carbon Shipping Deal with Maersk
Estée Lauder Signs Deal for Recycled Materials for Packaging
and more...
Get all the details and more at
https://esgtoday.com/
.