Response to consultation on amending Guidelines on the appropriate subsets of exposures in the application of the systemic risk buffer
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Q1. Do you agree that the proposed use of more granular economic activity classifications (including NACE level 2 or more granular levels where necessary) is appropriate and suffi-cient to enable authorities to effectively target exposures subject to climate transition risk while limiting unintended consequences for transition financing? If not, please explain and suggest alternative approaches or safeguards.
Please refer to our response document attached.