Issuances by Philippine companies, including banks, reached USD 4.8 billion or 28 percent of the total ASEANlabelled Green, Social, and Sustainability Bonds as of end-October 2021. Climate-proofing the financial system provides growth opportunities for banks such as Maybank. Just recently, we witnessed the landmark climate summit unfold at COP26 in Glasgow. The world’s financial leaders committed to fund the shift to reduce carbon emissions.
In particular, because that’s sometime the argument, we should certainly not put too much weight on political timelines 2/6  BIS central bankers' speeches  – elections and the like. We do monetary policy based on facts, not political outcomes. Some measures of market volatility at multi-year lows: is the market being complacent and how does that affect your judgment?