FSB offers loud warning and muted response on climate risk

Global regulators say risks are near-term and cross-border, but propose only data collection

Crisis ahead

The Financial Stability Board provided compelling evidence of the need for a global co-ordinated regulatory response to mitigate climate-related systemic risks in a recent report, but has stopped short of proposing one, experts say.

“For [the FSB], it’s mainly a question of not enough data; they say we should fill the gap and then everything will be okay,” says Pierre Monnin, an adviser to the International Network for Sustainable Financial Policy Insights, Research, and Exchange. “But first

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@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here