The Bank is devoting analytical firepower to understanding how climate risks are shaping the macroeconomy and financial system. We released today a multi-year research plan, outlining some of the questions we’re tackling. This work will focus on two areas that are central to our mandate. The first relates to how climate change could affect our macroeconomic forecasting and monetary policy-making.
7  The results of the review of disclosures for open-end credit and the associated notice of proposed rule-making will be discussed at an open meeting of the Board of Governors on May 23, 2007. 4  BIS Review 50/2007  Of course, the information provided by even the best-designed disclosures can be useful only when it is well understood.