The European Central Bank has told banks across the Eurozone they must be ready to fully manage risks related to climate change by the end 2024.
The ECB warned banks "have a long way to go" before they are climate proof, and said failure to meet supervisory expectations could result in "enforcement action" against lenders.
Rosie Birchard has more.
In: European banks need
Out: RB, Brussels
Duration: 01:06