EBA publishes final templates to collect climate-related data from EU banks
The European Banking Authority (EBA) has published the final templates to be used to collect climate-related data from EU banks in the context of the one-off Fit-for-55 climate risk scenario analysis. The templates are accompanied by a template guidance, including definitions and rules for compiling the templates.
Background: The one-off Fit-for-55 climate risk scenario analysis aims at assessing the resilience of the financial sector in line with the Fit-for-55 package, and to gain insights into the capacity of the financial system to support the transition to a lower carbon economy under conditions of stress.
The one-off exercise is part of the new mandates received by the EBA in the scope of the European Commission’s Renewed Sustainable Finance Strategy, with the collaboration and coordination of the other European Supervisory Authorities (ESAs), the European Central Bank (ECB), and the European Systemic Risk Board (ESRB).
Exercise duration: The EBA disclosed the list of 110 banks participating in this data gathering exercise on credit risk, market and real estate risks. The data collection will start on December 1, 2023 and will be completed on March 12, 2024.
Bloomberg
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