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
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
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