- The European Banking Authority (EBA) drafts new guidelines for managing ESG risks.
- Active ESG factors, like climate change and social conflict, present challenges to the EU’s economy and financial sector.
- Institutions’ risk profiles and business models may face headwinds as the EU aims for net-zero carbon emissions.
- EBA proposes requirements for effective management processes addressing the impact of ESG factors on financial exposure.
- Public consultation on the proposals is open until April 18, 2024, through the EBA’s consultation website.
- The EBA’s risk anticipation aligns with EU initiatives for net-zero transition, including collecting ESG data and the Capital Requirement Directive (CRD6) finalized in December.
EBA addresses ESG and climate change risks with new proposed guidelines
Topics
Popular Categories
Previous article![]( "Grow Financial FCU taps NCR Atleos for ATM management")
Next article![]( "Nightshade, the tool that ‘poisons’ data, gives artists a fighting chance against AI")
