This exercise is unlike those previously conducted since, in addition to making the classic projections, it also involves collecting a vast amount of qualitative and quantitative information on data availability, on the level of preparedness of banks in designing appropriate scenarios and conducting climate-related stress tests, and on how the results are integrated into their business strategies.
The intermediaries have provided a large amount of data and information, but much work remains to be done to fully take account of the effects of climate change in their models and their medium and long-term development plans. As a supervisory authority, we will continue to advise banks along this path, providing them with clear guidance and verifying that it is followed precisely.