Upgrading risk management practices to include climate related risks among financial 2/5  BIS central bankers' speeches  institutions. Just as we carefully and continuously monitor traditional financial risks, climaterelated risks should become part of routine risk management for financial institutions and supervisors. i. Traditional regulation instruments, like capital requirements, might be ill-suited to address these new risks.
Starting in February 2023, we will also begin publishing results from our quarterly Market Participants’ Survey. See A. Demers, S. Gignac and T. Gomes, “Introducing the Bank of Canada’s Market Participants’ Survey,” Bank of Canada Staff Analytical Note (forthcoming). -3sources of data like these are particularly informative about short-term momentum in the economy and allow us to see developing trends sooner.