Insufficiently documenting the non-materiality of certain portfolios will no longer be acceptable. Let me insist that by now all key ingredients to make C&E risks an integral part of banks’ strategy and risk management are well known.
But you – the banks – are in the lead when it comes to translating ambitions into practice by designing and implementing tools to adequately manage these risks. One of the silver linings of our supervisory exercises last year is that we have published the good practices observed in both the climate stress test[7] and the thematic review[8].