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Tag: ECB will “see to it” that banks meet climate risk expectations: Elderson

ECB will “see to it” that banks meet climate risk expectations: Elderson

FRANKFURT, June 16 (Reuters) – No major bank in the euro zone meets all of the European Central Bank’s expectations in assessing climate-related risk and they should expect increased pressure from their supervisor to adjust, ECB board member Frank Elderson said on Wednesday.

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