ECB fines Crédit Agricole over non-compliance on climate-related risk
13/02/2026 17:01
FRANKFURT, Feb 13 (Reuters) - The European Central Bank imposed a 7.55 million euro ($8.96 million) fine on French lender Crédit Agricole for failing to comply with its decision on climate-related and environmental risks, it said on Friday. "Crédit Agricole failed to meet the materiality assessment requirement for 75 full days in 2024," the ECB said in a decision that may be challenged at the Court of Justice of the European Union. ECB supervisors have been increasingly intrusive in probing banks' exposure to climate risk, first giving lenders a list of expectations, then binding decisions on disclosing and managing risk. ($1 = 0.8427 euros) (Reporting by Balazs Koranyi; Editing by Sharon Singleton) ((Balazs.Koranyi@thomsonreuters.com; +49 30 220 133 623; Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net))