ECB’s Elderson: Banks Must Build Resilience Beyond Climate Models
By David Barwick – FRANKFURT (Econostream) – European Central Bank Executive Board member Frank Elderson said Wednesday that banks needed to build resilience against climate and nature shocks that could not be captured adequately by conventional risk models, as increasing uncertainty and non-linear effects made reliance on historical data less dependable.
14 October 2026 | Central Bank News