In line with what was done by the ECB for significant institutions, we have recently published our supervisory expectations concerning the way in which the banking and financial institutions that we directly supervise will need to integrate climate and environmental-related risks into the control strategies and systems and the information they disclose to the markets.
Moreover, both at EU and at Basel Committee level, the possibility of modifying prudential regulation to take account of these risks is being assessed. This is being done cautiously, out of an awarenes of the difficulty in measuring them. In the asset management industry, the new regulation on sustainable finance disclosure entered into force last year.