Regulatory Support to ensure that the regulatory parameters are adequate to build trust by containing risks, safeguarding financial stability, protecting market integrity through rules that guard against money laundering and terrorism financing, provisioning for liquidity support, financial inclusion, consumer protection, and finally compliance with domestic and cross-border 4/5  BIS central bankers' speeches  capital requirements.
We will start conducting climate stress tests of the Eurosystem balance sheet in 2022 to assess the Eurosystem’s risk exposure to climate change, leveraging on the methodology of the ECB’s economy-wide climate stress test. We will also consider relevant climate-change risks when reviewing the valuation and risk control frameworks for assets mobilised as collateral by counterparties for Eurosystem credit operations.