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ECB to Be ‘Pragmatic' in Policing Banks' Carbon Transition Plans

ECB to Be ‘Pragmatic' in Policing Banks' Carbon Transition Plans

Bloomberg2 days ago
The European Central Bank signaled that it won't immediately hold lenders to strict demands as they prepare legally-mandated plans for how they will accompany the move to a low carbon-economy.
The ECB will take a gradual, 'pragmatic and targeted approach' to such transition planning when a relevant requirement takes effect next year, Executive Board Member Frank Elderson wrote in a blog post on Friday.
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