To make this approach plausible, we have been investing in practical training for supervisors to help them conduct high quality qualitative and quantitative evaluations of firms. We have also recruited a considerable number of staff with deep industry knowledge and we will continue to invest in training all our supervisory teams.
Regarding transition risks, banks will have to publish, among other things, their exposures towards the ten high-emissions sectors defined by the European legislation8 and towards the top twenty most polluting companies worldwide, as well as measures of energy efficiency of their real estate collateral.