The Bank Government after the Integration of ESG Factors in European Prudential Regulation
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Abstract
The essay analyzes how the introduction of ESG factors can change bank government. This process can be caused by market choices, or by the choices of the legislator. Important in this respect is the work of the European Commission on sustainability and the idea that banking intermediation should finance the transition to a sustainable economy. The consequences for European regulator mainly concern the management of ESG risks. These steps should find a first regulation after the approval of the «Proposal for a Directive of the European Parliament and of the Council Amending Directive 2013/36/EU as regards supervisory powers, sanctions, thirdcountry branches, and environmental, social and governance, risks and amending Directive 2014/59/EU COM/2021/663 final»
Keywords
- ESG
- ESG Risk
- Sustainable Finance
- Climate Change
- Bank Government
- Supervision
- Corporate Governance
- Prudential Financial Regulation
- Financing Transition
- Sustainable Economy
