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Photo du rédacteurHélène Dufour

The Impact of ECB Banking Supervision on Climate Risk and Sustainable Finance

The paper empirically analyzes the ECB's climate-risk-related supervisory efforts' impact on banks' climate risk exposure, management, and green finance activities. Using a difference-in-difference setup, it finds significant improvements in climate risk management and increased green finance among Significant Institutions under the Single Supervisory Mechanism since 2020.


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