This year, our approach entailed undertaking a series of sensitivities examining risks that climate change posed to large bank’s systemically important loan exposures: residential mortgages and agriculture. Banks are currently working on both components: an assessment of residential mortgage exposures to coastal and non-coastal flooding; and an assessment of the agricultural sector’s exposure to emissions pricing and drought risk.
Does the Internet have the potential to continuously improve business processes, as some enthusiasts argue, and if it does, what conditions are required to achieve that? Third, how have you used information technology or the Internet to improve productivity or reduce costs in your own businesses? How far along are you in this process?