On November 19, 2024, the European Supervisory Authorities (ESAs) which include the European Central Bank (ECB), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) published the results of the ‘Fit-for-55’ climate stress test. The scenario analysis examined the resilience of banks, investment funds
European regulators call on financial institutions to integrate climate risks
Following “Fit-For-55” stress test, ESAs find transition risk losses alone unlikely to threaten EU financial stability.