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Authors: Dr. Frederik Winter, Kathrin Hafner

FRQ - Management and Supervision of ESG Risks – EBA Report

On 23 June 2021, the European Banking Authority  published its report on management and supervision of ESG risks for credit institutions and investment firms. The Report forms the fundamental basis for the regulatory work programme to come in the context of ESG risk management and supervision. It will be considered by the EC in its work on the Renewed Sustainable Finance Strategy and the CRR/CRD review. EBA also plans to issue guidelines on the management of ESG risks by institutions as well as an update of the SREP guidelines following this Report.