EU eyes financial stress tests over climate risks - Dombrovskis


  • World
  • Thursday, 07 Nov 2019

FILE PHOTO: European Commissioner-designate for An Economy that Works for People Valdis Dombrovskis of Latvia speaks as he attends his hearing before the European Parliament in Brussels, Belgium October 8, 2019. REUTERS/Francois Lenoir

BRUSSELS (Reuters) - The European Commission is considering stress tests and measures to force financial firms to raise their buffers against climate-change risks, the EU financial services chief said on Wednesday.

The move would represent a major change in the bloc's climate policy which has so far focused on encouraging firms to adopt greener policies voluntarily.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Spanish PM Sanchez shocks country again putting his continuity on the line
U.S. researchers reveal potential treatment pathway for neurodevelopmental disorder
Boeing reports net loss, revenue decrease in first quarter
U.S. stocks close mixed
Algeria, Qatar to establish 3.5 bln USD worth milk powder production project
CIIE promotion event held in Egyptian capital
Crude futures settle lower
KPMG hires ex-prisoners with support of UK gov't
U.S. dollar ticks up
UNICEF supports vaccination of over 460,000 children in Libya in 2023

Others Also Read