74. With regard to environmental risks, institutions should: a) identify and label losses related …

With regard to environmental risks, institutions should:

• a) identify and label losses related to environmental risks in their operational losses reg-isters, in line with the risk taxonomy and methodology to classify the loss events set out by the regulatory technical standards adopted by the Commission pursuant to Article 317(9) of Regulation (EU) No 575/2013;
• b) develop processes to assess and manage the likelihood and impact of environment-related litigation risks;
• c) use scenario analysis to determine how physical risk drivers can impact their business continuity; and
• d) take material environmental risks into account when developing business continuity plans.

1. Overview

1.1 References

• Article 317 9.

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/