Nature loss is key metric for supervisors – ECB board member
Elderson says central banks need to develop better ways to measure its impact on financial stability
Monetary and financial authorities must find more effective ways of measuring the impact of nature loss on financial stability, a European Central Bank (ECB) board member has said.
In a speech yesterday (November 19) at the 10th Green Finance Forum in Frankfurt, Frank Elderson, vice-chair of the ECB’s supervisory board, said economies and financial systems were increasingly vulnerable to the degradation of natural habitats.
“Nature loss poses a serious risk to humanity as it threatens vital areas
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