🧵Our thematic review shows that banks are still far from adequately managing climate-related and environmental risks. We expect them to meet all our supervisory expectations by the end of 2024.
Press release
https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr221102~2f7070c567.en.html
Full results https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.thematicreviewcerreport112022~2eb322a79c.en.pdf?25fcb44be2443e30f9dd…