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Market
Number of banks fined by ECB for climate failures by end of 2024?
5
Resolution / Starting Odds
1-3 banks • 33%
4-6 banks • 33%
More than 6 banks • 33%
Official announcements from the ECB, financial news reports
Story
ECB to Impose First-Ever Fines on Banks for Climate Failures
Jun 5, 2024, 07:45 AM
The European Central Bank (ECB) is set to impose first-ever fines on several euro zone banks for failing to adequately address climate risks. This unprecedented move aims to enforce the ECB's climate goals and distinguish its approach from that of the US Federal Reserve. ECB officials, including Isabel Schnabel and Claudia Buch, have confirmed the institution's readiness to take this action. Although the fines are expected to be symbolic in size, they represent a historic step in the ECB's efforts to tackle climate change.
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HSBC • 25%
Barclays • 25%
Lloyds • 25%
NatWest • 25%
No banks fail to comply • 25%
1-5 banks fail to comply • 25%
6-10 banks fail to comply • 25%
More than 10 banks fail to comply • 25%
0-5 airlines • 25%
6-10 airlines • 25%
11-15 airlines • 25%
16-20 airlines • 25%
None • 25%
1-2 banks • 25%
3-4 banks • 25%
5 or more banks • 25%
None • 25%
1-5 companies • 25%
6-10 companies • 25%
More than 10 companies • 25%
Deutsche Bank • 25%
Commerzbank • 25%
DZ Bank • 25%
HypoVereinsbank • 25%
No countries • 25%
1-3 countries • 25%
4-6 countries • 25%
More than 6 countries • 25%
3.75% • 25%
3.50% • 25%
3.25% • 25%
3.00% or lower • 25%
Implement similar controls • 33%
No change in controls • 33%
Revise existing controls without major overhaul • 34%