The European Central Bank, acting as the single supervisor for the eurozone banking union, clarified on Thursday 27 January the methodology that will be applied to the climate stress test it will conduct from March.
As indicated in October (see EUROPE B12814A19), this stress test will comprise three modules: - a questionnaire on how banks integrate climate risk into their risk management process; - a comparative analysis of banks according to several parameters (e.g. commercial revenues...