Banks, from 2022 the green exams of the ECB: this is how they will work

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The first stress test on climatic risks aimed at significant European banks supervised by the ECB, it will be conducted in 2022, between March and July, with a qualitative approach, ie with no direct impact on prudential requirements, on regulatory capital. It is purely a ‘learning exercise’ to enable banks and banking supervisors to identify ‘vulnerabilities, best practices and challenges’ posed by climate change which is a source of financial risk …