Economics
ECB Tells Banks to Map Climate Risk in Trading, Loan Books
- Climate stress test to take place from March to July 2022
- Lenders to be asked to predict loan book changes over 30 years
Haze around the ECB headquarters in Frankfurt.
Photographer: Boris Roessler/picture alliance/Getty Images
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The European Central Bank said lenders in the region will have to estimate the risk they could face from climate change in both their lending and trading operations when they undergo a stress test next year.