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09 May 2022

EBF: Pillar 1 capital charge for climate risk: Wrong tool for the right purpose

We learnt some lessons:

  • The prudential status of the banking system is solid enough to withstand a major unexpected shock.
  • However, the EU regulatory framework is too rigid. Too much weight has been put on Pillar 1 measures. So much, that authorities were trapped when their intervention was...
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