Severe weather events may disrupt a bank’s data centers or operations and impede its ability to provide financial services to customers. Although the transmission channels through which climate risks affect banks are increasingly apparent, quantification of those risks remains challenging.
That’s correct. Some banks pay 0.25% or even less. Can you relate to savers in Germany being annoyed that the European Central Bank (ECB) is making them foot the bill for the crisis? Rates are very low because the euro area economy is weak.