These will be some of the core questions of this review. As part of this exercise, we will monitor banks’ alignment with the supervisory expectations set out in the guide, and encourage banks’ progress towards the industry’s best practices. Fortunately, those practices were identified across different European banks over the last two years.
They show that some banks are already doing what we are asking. The ECB is doing its part by guiding banks in their climate journey, setting forth supervisory expectations and sharing updates on good practices in the industry.