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ECB supervisory board vice chair says banks must improve quality of climate disclosures

Frank Elderson says central bank will take "appropriate" supervisory action to ensure banks are complying with Pillar 3 sustainability reporting requirements

ECB: Banks need to improve quality of climate disclosures

ECB calls for financial sector specific ESRS

Arguing there is an "urgent need to develop specific guidance for the definition of the value chain of financial institutions"