Then, among the work currently underway, I would like to highlight the importance of work on the evaluation of financial regulations. Finally, I will mention climate-related risk as one of the challenges for future financial stability. 1/4  BIS central bankers' speeches  II.
Past Achievements: Evaluation of Discussions over the Last 10 years After the Global Financial Crisis, work on reforming financial regulations started with a review of past crises, including the causes of each crisis. It revealed that before each financial crisis, there had always been a build-up of debt at financial institutions and in the non-financial sectors — socalled leverage build-up.