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ECB Fines French Bank for Climate Risk Failures
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6 Articles
The French major bank Crédit Agricole has to pay 7.6 million euros. The central bank's banking supervision accuses the institute of failing to deal with climate risks.
The European Central Bank (ECB) has called Crédit Agricole to order for failure on climate risk. The EU monetary institution has thus imposed a fine of almost EUR 8 million on the second bank in France.
Crédit Agricole was too slow to assess the climate and environmental risks likely to affect its operations and balance sheet. On February 13, the European Central Bank (ECB) imposed a fine of €7.5 million, ruling that the French bank had failed to comply with its obligation to conduct this assessment by May 31, 2024. The ECB planned for a daily penalty starting from that date, which explains the amount claimed, corresponding to (...) Read more I…
ECB Fines Crédit Agricole €7.5M, Climate Risk Compliance Now Mandatory
The European Central Bank’s €7.5 million fine against Crédit Agricole is more than a financial penalty—it’s a stark reminder that the era of climate risk as a compliance afterthought is over. This is the second such fine imposed by the ECB in less than a year, signaling a shift from guidance to enforcement in the bank’s push to embed climate and environmental (C&E) risks into core risk management… Source
ECB Fines Crédit Agricole €7.6 Million for Not Meeting Climate Risk Expectations
The European Central Bank announced that it has fined Paris-based international banking and investment group Crédit Agricole more than €7.5 million (USD$9 million) for failing to meet a deadline set by the central bank to assess the materiality of its climate-related and environmental (C&E) risks. The announcement marks the second climate-risk related fine imposed by […]
ECB fines French bank for climate risk failures
Frankfurt, Germany (AFP) Feb 13, 2026 The European Central Bank said Friday it had fined French bank Credit Agricole 7.55 million euros ($9 million) for failing to properly identify climate change-related risks that could affect its balance sheet. "Credit Agricole did not sufficiently assess the materiality of its climate-related and environmental risks" by a deadline set after an investigation in 2024, the ECB said in a stateme
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