The crisis and the expansion of finance As in past cases, the recent financial crisis had its origins in excessive leverage and excessive credit or debt creation in the financial system as a whole. These excessive imbalances were not considered a risk by the economic thinking of the time.
This Network aims to strengthen the global response required to meet the goals of the Paris agreement and enhance the role of the financial system to manage risks and to mobilize capital for green and lowcarbon investments. We are very proud to have representatives with us today from over 30 countries and from more than 50 supervisory organizations.