EU watchdog piles pressure on banks to better quantify climate risks

Banks may not be fully reflecting risks from climate change in their capital buffers and several changes will be introduced over the next three years to help rectify this, the European Union's banking watchdog said on Thursday.

https://www.reuters.com/world/europe/eu-watchdog-piles-pressure-banks-better-quantify-climate-risks-2023-10-12/