A more common industry response was to seek removal or relaxation of the regulations that confined the activities, affiliations, and geographic reach of banks. While they differed with banks on some important particulars, supervisors were sympathetic to this industry request, in part because of the potential threat to the viability of the traditional commercial banking system.
With the release of this Report, the Bank of Greece, in line with its broader role and its tradition of studying the structural problems of the Greek economy, helps fill a gap as regards scientific analysis and information on climate change, on its impact and on ways of dealing with it.