Penalties await for banks that do not comply with the deadlines for implementing the ECB guide on climate and environmental risk. Frank Elderson highlights the importance of climate and environmental risk in his speech once more. Make sure you are on the good side of the fence and reach out to me if you want to know more about this and how we at 4most can help you get there. #climate #risk #ecb #regulation #4most
We have an extensive supervisory toolkit that we are willing to use, says Supervisory Board Vice-Chair Frank Elderson. The use of supervisory powers in a proportionate manner to get banks to address weaknesses is not a nice-to-have - it is international best practice to keep banks safe and sound. Read the speech https://lnkd.in/e78X4BcJ