In this regard, I fully share Mark Carney’s endorsement of a widespreadmandatory reporting in line with the recommendations of the FSB’s Task Force on Climate-related Financial Disclosures. Greater disclosure would also considerably help central banks to integrate climate risks in their monetary policy operations, as suggested at this conference by Jens Weidman and many others.
Since then, the Bundesbank has repeatedly evaluated its assumptions and adjusted the structure of its representative network to reflect changes in the Bundesbank’s mandate and the modified framework of its operations.