ECB publishes final guide on climate-related and environmental risks for banks

The European Central Bank (ECB) published its final and amended guide on climate-related and environmental risks following a public consultation. The guide explains how the ECB expects banks to prudently manage and transparently disclose such risks under current prudential rules. The alert explores more information on the scope and application of the guide, while also approaching what the climate-related and environmental risks are, and tackling what the guide sets out as supervisory expectations.