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ECB Said to Warn Credit Agricole of Possible Fine Over Climate
7 Articles
7 Articles
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The French large bank Crédit Agricole could be fined in terms of climate risk management, but much remains unclear.
ECB Said to Warn Credit Agricole of Possible Fine Over Climate
The European Central Bank has told France’s second-largest lender that it’s among firms that may be fined after failing to meet the supervisor’s expectations for managing climate risks, according to people familiar with the matter.
The ECB is stepping up its fight against climate risks. Crédit Agricole could be sanctioned. This decision would send a clear message to the banking sector on the urgency of addressing environmental issues.
The ECB feels called to participate in the fight against climate change and now threatens a large bank with a climate penalty. The post ECB warns Großbank against possible climate fines: Kreis appeared first on finanzmarktwelt.de.
The European Central Bank (ECB) is threatening to fine Crédit Agricole because France's second-largest bank is failing to manage climate risks. Bloomberg news agency reports this, citing sources. This would be the first time the ECB has fined a bank related to climate.
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