The European Central Bank's (ECB) official, Buch, highlighted that while progress has been made in addressing climate and environmental risks, many euro zone banks are still not meeting the expectations of IFRS 9. This includes issues with loan-loss provisions, with some banks lagging behind in compliance.
ECB says many euro zone banks dragging their feet on loan-loss provisions https://t.co/CeTkXEbMaq https://t.co/AZnOOdFtte
Many euro zone banks still far from meeting rules on provisions https://t.co/ZLH7WesntX https://t.co/XHYOVjZYHc
ECB'S BUCH: WHILE PROGRESS HAS BEEN MADE, ESPECIALLY IN THE AREA OF CLIMATE AND ENVIRONMENTAL RISKS, MANY BANKS ARE STILL FAR FROM MEETING THE EXPECTATIONS OF IFRS 9
⚠️ ECB'S BUCH: WHILE PROGRESS HAS BEEN MADE, ESPECIALLY IN THE AREA OF CLIMATE AND ENVIRONMENTAL RISKS, MANY BANKS ARE STILL FAR FROM MEETING THE EXPECTATIONS OF IFRS 9
ECB'S BUCH: WHILE PROGRESS HAS BEEN MADE, ESPECIALLY IN THE AREA OF CLIMATE AND ENVIRONMENTAL RISKS, MANY BANKS ARE STILL FAR FROM MEETING THE EXPECTATIONS OF IFRS 9.