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ABBL final response to EBA consultation on Guidelines on the management of ESG Risks

Published on 18 April 2024

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Executive summary

This consultation response, published by the Association of Banks and Bankers Luxembourg (ABBL) on 18 April 2024, sets out the sector’s views on the EBA Guidelines on ESG risk management. It advocates a risk-based and proportionate approach, greater methodological flexibility, regulatory consistency, and sufficient implementation timelines to reflect data and maturity constraints.

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