ECB calls for deeper focus on climate risks.
Global Banking News-May 30, 2019--ECB calls for deeper focus on climate risks
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Global Banking News - 30 May 2019
The European Central Bank (ECB) has called for a deeper focus on climate risks.
In a warning, the apex bank said that banks' profits could beinfluenced by the effects of climate change. It said that problems could arise if markets do not correctly price risks from extreme weather events and the move to a low-carbon emission economy.
According to the InsuranceJournal, the ECB said, 'A deeper understanding of the relevance of climate change-related risks for the euro area...
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