Il bank government dopo l’integrazione dei fattori ESG nella regolazione prudenziale europea

The essay analyzes how the introduction of ESG factors can change bank gov- ernment. This process can be caused by market choices, or by the choices of the legislator. Important in this respect is the work of the European Commission on sus- tainability and the idea that banking intermediation should finance the transition to a sustainable economy. The consequences for European regulator mainly concern the management of ESG risks. These steps should find a first regulation after the ap- proval of the «Proposal for a Directive of the European Parliament and of the Coun- cil Amending Directive 2013/36/EU as regards supervisory powers, sanctions, third- country branches, and environmental, social and governance, risks and amending Di- rective 2014/59/EU COM/2021/663 final».