The FSB’s roadmap for addressing climate-related financial risks aims to ensure that climate risks are properly reflected in all financial decisions. It covers disclosures, data, vulnerability analysis, and regulatory and supervisory approaches. Because there are no international standards in place yet, not least relating to disclosures, we have an enormous opportunity to get this right from the start. We should not miss it.
Over-indebtedness would result in heightened credit risk perception leading to drying up of credit flow and jeopardise  BIS central bankers’ speeches  7  the welfare of the poor. A robust credit information sharing framework is thus a very important constituent of financial system and all of us must strive to strengthen it further.