Last year, on recalling the exceptional breadth and efficacy of the measures implemented to counter the impact – and not only the economic one – of the public health crisis, we underlined how, in a deeply interconnected world, it could not be said that the risks of the pandemic had been overcome unless it were truly so for everyone.
The ECB climate stress test coming in 2022 will further ensure that everyone starts thinking about climate risks. Central banks and supervisors all around the world have joined forces in the Network for Greening the Financial System, or NGFS for short.