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.
Recommended For You
10 revendications pour une finance plus durable : la société civile interpelle les décideurs
Laura MarongiuJuly 20, 2023
Common Framework for Sustainable Finance Taxonomies for Latin America and the Caribbean
Laura MarongiuJuly 19, 2023