The European Banking Authority (EBA) has initiated a public consultation on draft templates for collecting climate-related data from EU banks
This initiative aligns with the one-off Fit-for-55 climate risk scenario analysis, a collaborative endeavor involving EBA, European Supervisory Authorities (ESAs), the European Central Bank (ECB), and the European Systemic Risk Board (ESRB).
The draft templates serve to gather climate-related and financial information, focusing on credit risk, market and real estate risks. Banks are requested to report aggregated and counterparty-level data as of December 2022. Collecting counterparty-level data will allow to assess the concentration risk of large climate exposures, as well as to capture amplification mechanisms and assess second-round effects. Aggregated data will inform on the climate-related risks of the banking sector more broadly.
Following this consultation, the EBA will launch data collection at the end of November with the support of the Single Supervisory Mechanism (SSM) and other competent authorities.70 banks will participate in this exercise (the same banks as those included in the 2023 EU-wide stress test). In addition, Competent authorities might request other banks in their respective jurisdictions to participate.
The Fit-for-55 climate risk scenario analysis will begin by the end of 2023 and will provide crucial insights into the sector's preparedness for climate risks. Results are anticipated to be published by Q1 2025.
A public hearing will be organised in the form of a workshop on 28 September 2023. The EBA will share the dial-in details with interested stakeholders in due course. Comments to this consultation can be submitted to the EBA until 11 October 2023.
For inquiries please contact:
regulatory-advisory@rbinternational.com
RBI Regulatory Advisory
Raiffeisen Bank International AG | Member of RBI Group | Am Stadtpark 9, 1030 Vienna, Austria | Tel: +43 1 71707 - 5923