Complex ESG Risk Regulations Pose Challenge for Small European Banks, Warns Kukies

Regulatory landscape in Europe surrounding Environmental, Social, and Governance (ESG) risk management is becoming increasingly convoluted, potentially hampering the competitiveness and operations of smaller banks. This assertion comes from a recent commentary by European banking authority executive, Bernd Kukies, who emphasizes that the complexity of these regulations is not only burdensome but may also lead to unintended disparities within the banking sector.

Continue reading