• Gustavo Bernal Torres

European Banking Authority is Looking to Integrate ESG into Regulation and Supervision

European Banking Authority (EBA) launches consultation paper on integrating ESG risks into regulatory and supervisory frameworks-

  • The new paper provides a comprehensive proposal on how ESG factors and ESG risks could be included in the regulatory and supervisory framework for credit institutions and investment firms.

  • The EBA stated that this integration could be accomplished by evaluating the long-term resilience of institutions’ business models, setting ESG risk-related objectives, engaging with customers, and considering the development of sustainable products.

  • The EBA consultation runs until 3 February 2021.

Source: https://www.esgtoday.com/eba-launches-consultation-paper-on-integrating-esg-risks-into-regulatory-framework/ & https://eba.europa.eu/eba-launches-consultation-incorporate-esg-risks-governance-risk-management-and-supervision-credit

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