FSB warns of ‘breadth and magnitude’ of climate risks
Report warns climate risk could be more challenging to address than other economic risks
The “breadth and magnitude” of climate change-related risks could make them harder to manage than other risks, and more “pernicious”, the Financial Stability Board warns.
In a report exploring the financial stability implications of climate change, the FSB says it may be particularly difficult to prepare for climate risks given the uncertainty over their timing and magnitude.
Furthermore, the report warns, risks may cause investors to behave in ways that are destabilising, for instance
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
No ‘compelling case’ for changing liquidity rules – BIS’s Restoy
There are other ways to promote stability, says chair of Financial Stability Institute
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
Securing sound deposit protection in East Africa
There is a need to revisit legal frameworks to adopt risk-adjusted premium regimes and establish more comprehensive deposit insurance systems in the East African Community, write Gilbert Nyatanyi and Gloria Tengera
Central banks to maintain independence despite threats – panel
Top central bankers discuss Trump, AI and why they plan to ignore IMF on rate cuts
ECB vice-president warns of US AI bubble
Now is not the time to deregulate banks, says Luis de Guindos
Implementation of regulatory reforms ‘uneven’, says FSB
Annual report reviews efforts over past year to adopt Basel III and tackle risks in non-bank sector
Media narratives drive capital flows into China – NBER paper
Sentiment in news articles impacts investment decisions, regardless of country’s economic fundamentals
ECCB deputy governor warns of geo-social fragmentation
Valda Henry says US election result has increased uncertainty among small island nations