ECB Shouldn’t Name and Shame Banks in Climate Test, Delgado Says

European Central Bank stress tests designed to expose the finance industry’s vulnerability to climate change should protect the identity of the lenders involved, according to a top ECB official.

“This should be a bit more of general lessons for the system rather than naming and shaming banks,” ECB supervisory board member Margarita Delgado said in an interview. “We don’t have enough data points, we don’t have reliable data points, we don’t have the taxonomy. Banks do not have the answers to each and every question.”

Europe is moving faster than the U.S. and Asia to make sure banks can cope ...