"After 2024, a limbo of identifying a risk as material but not adequately addressing it will no longer be tolerated." (Reporting by Balazs Koranyi; Editing by Jan Harvey)
Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net)) FRANKFURT, March 27 (Reuters) - Euro zone banks are far
from meeting the European Central Bank's climate change-related
expectations and have until the end of 2024 to close a "material
gap" between the supervisor's demands and current practice, ECB
board member Frank Elderson said.
"We expect all banks under our supervision to be fully
aligned with our expectations by the end of 2024 at the latest,"
Elderson said in a speech.
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