The ECB will continue to carry out our democratically delegated functions as set out in the Treaty. Should a greater groundswell of support for environmental action cause bank regulators to modify the regulatory framework under which the SSM operates, supervisors must of course adjust their actions and implement the legal requirements accordingly. Conclusion Let me conclude.
Climate change poses the risk of considerable social costs and economic disruption. The challenges of climate change are social issues. The analysis and choice of possible solutions, including suitable instruments and their financing, require rigorous political debate.