‘Disclosure task force’ can tackle climate risks, FSB says
Carney says group could help avoid a ‘climate Minsky moment’
The Financial Stability Board (FSB) launched plans today (November 9) for an industry led "disclosure task force" to help tackle climate change-related risks before it is too late.
While not looking to address directly the causes of climate change, the task force would seek to limit any potential financial stability impact by tracking climate-related financial risks, which would allow markets to better hold financial institutions to account for their exposure to such risks.
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