Bankers face EU privacy wall in race to stem evolving credit risk
• European banks are struggling to assess their financial exposure to wildfires, floods, and droughts because EU data-privacy rules limit access to property and insurance details. • Triodos Bank estimated last month that heat waves could reduce Europe’s GDP by 1%, or approximately €180 billion. • These data gaps prevent lenders from accurately pricing credit risk for properties in climate-vulnerable areas.
business-standard.com








