Financial Services Financial Services

Eurozone banks embark on climate stress tests, in an EU supervisory first

By Jack Schickler
  • 27 Jan 2022 05:50
  • 27 Jan 2022 05:50
Climate stress tests for much of the EU banking sector, formally set in motion today, represent a first-of-a-kind exercise in European attempts to figure out the exact financial repercussions of rising temperatures and phaseouts of fossil fuels. 
The 120 or so lenders supervised directly by the European Central Bank will be

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