1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Climate risks could wreak havoc on financial markets, EU watchdog warns

Discussion in 'Market News' started by Lily, Feb 12, 2016.

  1. Lily

    Lily Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    7,381
    Likes Received:
    0
    Banking advisory group calls for risk discloser and stress tests to protect against climate inaction should move to low carbon economy happen too late

    The EU’s financial watchdog has called for governments to consider imposing asset disclosures on industry and stress tests on banks as a guard against the economic crisis that could be caused by an emergency switchover to clean energy.

    The European Systemic Risk Board – set up by the EU in the wake of the 2008 crash to monitor risks to financial markets – has warned in a new report of economic “contagion” if moves to a low carbon economy happen too late and abruptly.

    Continue reading...
     

Share This Page