Based on Eurostat’s air emissions accounts by sector, the authors go on to show that the ECB’s portfolio distribution across sectors is positively correlated with sectoral emission shares, in contrast to the overall market portfolio (Chart 3). [17] Hence, the overrepresented sectors tend to be those with particularly high emission shares.
The smooth functioning and confidence in the payments system are areas that are very dear to a regulator’s heart. Indeed the extent of that confidence determines to a large extent the decision of investors and businesses on where to place their funds or to locate their company’s ventures. Therefore all initiatives geared towards ensuring a modern, efficient and safer banking environment are most welcomed.