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The Ecb Fines Abanca for Climate Risks: Why It's a Significant Case
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Wikimedia Photo: ECB Fines Abanca for Failing to Assess Climate and Environmental Risks, Strengthening the Link Between Climate and Financial Stability Sara García Martín The European Central Bank (ECB) has imposed a coercive payment of €187,650 on Spanish bank Abanca for failing to assess, within the required deadlines, the climate and environmental risks to which the institution is exposed. The fine, made public in recent days, stems from a de…
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