There is no better time than the present to consider whether we should introduce such changes. I also strongly believe that now is the time to discuss whether macroprudential policymakers are prepared and whether they have the necessary tools to mitigate climate-related risks to financial stability.
It is worth noting that we still lack clear evidence on the degree to which the macroprudential measures address these risks, especially when interactions with other policy areas are accounted for. To wrap up, this is the fourth macroprudential conference, and I am glad to see that the agenda is filled with interesting sessions with speakers from many different institutions.