In this vein, Alan Greenspan said in 2002 at the Jackson Hole symposium: “The notion that a well-timed incremental tightening could have been calibrated to prevent the late 1990s bubble is almost surely an illusion.”  1  See M Goodfriend (2007), How the World Achieved Consensus on Monetary Policy, in Journal of Economic Perspectives, Vol 21, No 4, pp 47-68.
The International Financial Reporting Standards Foundation (IFRS), in consultation with other international organizations, will develop a set of standards, starting initially with climate and building upon these TCFD recommendations.