ECB Is Pushing Banks to Scrutinize Their Energy-Intensive Risks

The European Central Bank is pushing lenders to scrutinize their exposure to energy-intensive industries as the fallout from Russia’s invasion of Ukraine spreads through the economy.

The ECB is also calling on lenders to look at risks they could face from rising interest rates, although banks expect to benefit from tighter monetary policy overall, said Andrea Enria, who leads the ECB’s supervisory board. He spoke at a conference in Brussels.