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Europe Daily Bulletin No. 12814

19 October 2021
Contents Publication in full By article 19 / 31
ECONOMY - FINANCE - BUSINESS / Banks
ECB unveils its 2022 climate stress test methodology for banking sector
Brussels, 18/10/2021 (Agence Europe)

The European Central Bank, acting as the single supervisor for the eurozone banking union, unveiled on Monday 18 October the methodology that will be applied to the climate stress test it will conduct from March to July 2022.

Three modules will be implemented: - a questionnaire will assess how banks integrate climate risk into their risk management process; - a benchmarking exercise will measure banks on a number of parameters, such as their income from carbon-intensive industries and the...

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EXTERNAL ACTION
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INSTITUTIONAL
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FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
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EU RESPONSE TO COVID-19
ECONOMY - FINANCE - BUSINESS
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