ECB – Common minimum standards for incorporating climate change risks into in-house credit assessment systems in the Eurosystem.

In-house credit assessment systems (ICASs) need to take all relevant risk factors, including climate change, into account to ensure the collateral pledged in monetary policy operations remains adequate. Climate change and the transition to a greener economy affect the ECB’s primary objective of maintaining price stability, due to the impact they have on the economy and the risk profile and value of assets on the Eurosystem balance sheet.

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