Financial sector regulators'​ policy changes are echoing around the globe

European Banking Supervision signals that the clock is ticking on their integration of climate & environment riskRegulatory warning of consequences for 'outliers' who don't integrate climate risk have similar messages internationallyRegulators expect action even amidst uncertainty, and financial institutions are expected to find ways to act with the data they have

European financial institutions’ approach to climate and environmental (C&E) risks are often seen as world-leading, yet many European banks are lagging behind where they need to be on C&E risks, according to a recent study by the European Central Bank’s Banking Supervision department.

One area where banks are lagging is in integrating C&E risks in their credit risk assessments, whic...