I was not able to be here for most of the day but I believe that you had a good day of discussion. The organizers have selected very relevant and interesting topics. The speakers have elaborated on a variety of issues on preventing money laundering. I am told that this is the first conference of its kind on this important topic.
However, climate-related risks have certain characteristics that hamper their inclusion in ratings and internal risk models. First, historical data do not capture them adequately. Second, physical risks are potentially non-linear and expected to primarily materialise in the medium to long term. And third, the future pathway of climate change and climate action is highly uncertain, not least because it heavily depends on political decisions.