The Minimum Requirements for Risk Management, or MaRisk, and the corresponding European rules already require institutions to take into account all material risks to which they are, or could be, exposed. So on this score, we have already covered the new sources of risk, too.
But there is no doubt in my mind that the onus is very much on supervisory authorities to raise institutions’ awareness of climate-related risks – especially in the early days. And we are doing our bit to achieve that by running today’s symposium. What is more, I can well imagine instances where climate-related risks are also raised at supervisory meetings with credit institutions.